Why is ETH being suppressed??
First, it's the operational issues of the Ethereum Foundation. The foundation frequently sells off Ethereum (ETH), does relatively little in terms of actual work, yet promotes itself heavily, which has led to a lack of confidence in the market and subsequently affected ETH's performance.
Second, the ecosystem is relatively weak. The development on the Ethereum chain lacks vitality, with very few projects that can be considered successful. This situation has caused many users to gradually lose interest, weakening the support for ETH's value.
Third, there is a situation of capital outflow from ETHE. Due to some objective factors, funds are continuously flowing out of Ethereum, and the trend of outflow is intensifying, which also puts downward pressure on ETH's price.
In the short term, Ethereum urgently needs to increase its popularity, strengthen ecosystem development, and enhance user confidence. Without the support of Bitcoin (BTC) market performance, ETH would likely have fallen below $3000 long ago. This is also the reason why the exchange rate between BTC and ETH continues to decline.
After all, although retail investors may not have a large amount of capital, they are not foolish and are well aware of these market situations.
