Over the past year I’ve discussed how Ethereum has significantly underperformed compared to the rest of the crypto market. The Ethereum ETFs brought back some momentary hype with hopes that Ethereum will come back to life. I think Ethereum is still continuing to struggle despite the ETF launch. ETH failed to reach the red trendline around $3,700, and instead has bored us with sideways movement been $3,400 and $3,500 before breaking down lower. SOL continues to outperform ETH, and I think the narrative is that SOL is still better than ETH. I would not be surprised to see SOL take ETH’s number 2 spot in the crypto market cap rankings.
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