Reasons for ETH's downturn:

1.

After the Ethereum ETF was approved, the selling pressure of Grayscale's early chips was too great. Even if other institutions took over, the digestion time was too long and it was indigestible.

2.

The chain continued to be sluggish, gas could not be increased, and deflation turned into inflation. Coupled with the market division of Sol BNB, Ethereum's business model was questioned.

3.

The main selling, Ethereum Fund, as the leader, ignored the market downturn and the emotions of large holders, and only knew to cash out and go to paper gold, which made people have to doubt whether Ethereum still has its original intention.

4.

The strong will always be strong, and the weak will always be weak. ETH cannot keep up with the market's growth. There is no bottom line when it falls. The market has shown signs of abandoning it. It is better to buy BTC than to buy large-cap coins, it is better to buy Sol than to buy main chains, and it is better to buy BNB than to buy market value. ETH has lost its value orientation.

5.

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