🔥 Ethereum: Strong Tech, Weak Price?
Ethereum has solid fundamentals, but it’s still falling behind. Here's a quick look at ETH's journey:
📉 2018: Dropped 94% from its all-time high
🚀 2021: Gained 5,200% from the bottom
📉 2022: Fell 82% from the top again
😴 2023: Moved sideways with no real gains
🐌 2024: Still underperforming compared to Bitcoin
🔹 Supply has dropped by 493K ETH post-Merge
🔹 Over 32.8M ETH staked (worth $120B+)
🔹 ETF approval? Barely moved the price
🔹 4.4M ETH burned = $15B removed from supply
🔹 ETH dominance now at just 17% – lowest since 2018
Even with powerful on-chain data and tech upgrades, ETH is trading like any other altcoin. $ETH /$BTC is now at its lowest in 3 years. Will it bounce back or keep lagging? Time will tell. ⏳
