Ethereum is struggling.
Bitcoin is up more than 40% year to date, but Ethereum is flat.
The launch of an Ethereum ETF has had no impact on its price. This is in stark contrast to the Bitcoin ETF, which gave Bitcoin a huge boost.
It’s hard to see why Ethereum can catch up anytime soon.
Ethereum may be priced wrong. But when you look at the number of top dapps across all categories, there is no clear growth trend.
For Ethereum, it’s like the bear market never ended.
Once again, it’s hard to find a solid reason to be bullish on ETH right now.
Ethereum may continue to underperform Bitcoin, but will still follow the same general trend.
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