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Why is ETH so weak, unable to compete with other coins?

Since January 2 this year, the Ethereum Foundation has continuously sold ETH on-chain in exchange for DAI, completing a total of 37 transactions, with amounts ranging from 50 to 200 ETH. The first transaction occurred on January 2, and the last transaction took place on October 23. A total of 4,066 ETH was sold directly through CowSwap at an average price of $2,764, totaling approximately $11.24 million.

Additionally, a related address received 51,251 ETH from the Ethereum Foundation on November 17, 2015, and has charged 2,580 ETH (worth $6.24 million) to Bitstamp and Kraken in the past two months, with an average transfer price of $2,417.

The Ethereum Foundation may have sold a total of 6,646 ETH this year, worth over $17 million.

Moreover, there is simply too much ETH in the hands of retail investors, and it will take time to wash them out. Everyone can discuss whether you have bought a lot of ETH.