$ETH

Despite the strength of the Ethereum network and its expanding use, there is still selling pressure on the Ether (ETH) currency due to several factors. The first is the concern over delays in technical updates such as Proto-Danksharding, which slows down performance improvements. Second, sales by institutions or hedge funds to realize profits after a previous rise. Third, the liquidation of leveraged positions at key support levels. Additionally, the lack of clarity in regulatory frameworks in some countries increases caution. This is compounded by strong competition from faster and cheaper alternative networks. All these factors lead traders and investors to lean towards selling in the short term, awaiting clearer positive signals for new entries.