Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing
Ethereum struggles around $3,100 amid weak fundamentals, with its performance lagging behind Bitcoin's. High correlation with BTC hasn't translated to similar success, partly due to late network upgrades and the rise of competitor networks like Solana. High gas fees and inflationary pressure also contribute to Ethereum's shaky position, leading some to favor a bearish outlook.
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