Why has Ethereum been so weak lately? The core reason is that the narrative can't keep up.


Looking back over the years, in 2020 $ETH was tied to DeFi, in 2021 it gained popularity through NFTs, and in 2024 it was supported by ETFs to maintain enthusiasm. But by 2026, Ethereum no longer has a compelling core story to impress the market!
Now, funds are flocking to Bitcoin, with everyone discussing its potential as a global reserve asset. Meanwhile, hot sectors like stablecoins, RWA, and AI payments have mostly bypassed ETH, leading to a continuous weakening of the Bitcoin-to-Altcoin exchange rate.
Currently, market bullish sentiment is highly unified, all betting on easing geopolitical conflicts and a Fed rate cut. But the market is unexpectedly weakening, which clearly indicates a problem.
At present, the market is controlled by institutions, and it's obvious that the main players feel it's not yet the right time to push prices higher!
ETH-0.07%
BTC0.31%
RWA0.31%
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PrincessQingyue
· 5h ago
Why has Ethereum been so weak lately? The core reason is that the narrative no longer keeps up.
Looking back at previous years, in 2020 $ETH was tied to DeFi, in 2021 it gained popularity through NFTs, and in 2024 it was supported by ETFs to maintain enthusiasm. But by 2026, Ethereum no longer has a compelling core story to impress the market!
Now, funds are flocking to Bitcoin, with everyone discussing its potential as a global reserve asset. Meanwhile, hot sectors like stablecoins, RWA, and AI payments have mostly bypassed ETH, which has led to the Bitcoin-to-Altcoin exchange rate weakening steadily.
Currently, market sentiment is highly unified in optimism, all betting on easing geopolitical conflicts and a Fed rate cut. But the market is unexpectedly weakening, which clearly indicates a problem.
At present, the market is controlled by institutions, and it’s obvious that the main players believe it’s not yet the time to push prices higher!
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