😏Several deep reasons for the outflow of funds from the Ether
It would be necessary to recall the more fundamental reasons for the collapse of the Ether exchange rate, distancing ourselves from the current market sentiment.
🪙Ether 2.0?
They have been promising for many years, but implementation is still lagging behind. The accumulating delays and unrealistic plans have tired investors, undermining faith in achieving the stated goals of Ethereum.
👥 Problems in the community
In fact, the Ether has a weak community, moreover, it is now divided. Increasing criticism, management and scaling disputes are undermining the foundation of the platform, preventing it from being a global standard as before.
😬A complete failure on DeFi
Ethereum-based DeFi is experiencing a lot of problems: high fees and network congestion force many projects to look for other platforms. Of course, this has a very negative effect, but no one changes anything.
🆚Competition
Ethereum is no longer the only platform for smart contracts. Solana, Binance Smart Chain, and other platforms are developing rapidly, offering better scalability, speed, and lower fees.
P>S>
I still consider the current price of Ether to be a good entry point, despite the above points. So far, the Vitalik coin has a fairly large margin of safety, and the Ether network is extremely important for the entire cryptosystem.