🚨 Ethereum Faces Major Sell-Off! 🚨

Ethereum (ETH) continues its downward spiral against Bitcoin (BTC), hitting its lowest since April 2021. ETH is now trading at 0.039 BTC, down 24% this year and 35% from its 2023 high. In USD terms, ETH is near $2,300, its lowest since February.

Key Points:

- Institutional investors are shying away from Ether ETFs, leading to $581M in net outflows.

- Vitalik Buterin and the Ethereum Foundation have sold significant amounts of ETH.

- Ethereum is losing market share to faster, cheaper layer-2 networks like Arbitrum and Polygon.

What’s your take on Ethereum’s future? Drop your thoughts below! 💬👇