Recently, ETH has been so weak, fundamentally due to a combination of internal and external influences stacking up.


Founder Vitalik officially announced that the Foundation is fully retracting, abandoning core ecosystem control, coupled with turmoil within the core development team, which has dampened market expectations for its future.
Additionally, ETF funds continue to flow out, and institutions are cutting positions; now both bulls and bears are hesitant to make moves, only able to follow Bitcoin's fluctuations and bottom out, repeatedly bouncing between 2000-2100.
Without strong short-term positive catalysts, this weak consolidation is likely to continue, and the direction still depends on whether Bitcoin and upgrade expectations can provide some support. $ETH
ETH-0.67%
BTC-0.99%
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