📉 Ether (ETH) has been playing second fiddle to Bitcoin (BTC) this week, with a 10% drop compared to BTC's 6%. The ETH/BTC ratio has also dipped, reaching its lowest since May 20. What's going on, ETH? 🤷‍♂️ Factors like Bitcoin-specific events in 2024 and a decline in Ethereum's network activity are to blame. Plus, Solana is stealing some of Ethereum's thunder in the layer 1 sector. ETH's price is expected to sink further if sellers dominate the resistance level. So, ETH bulls, it's time to pull up your socks and defend that $3,400 level! 💪 #CryptoNews #ETH #BTC