Why has Ethereum performed so poorly lately?!
There is no doubt that the main reason is the neglect from capital.
Since mid-March, the price of Ethereum has dropped from nearly $4,000 to a low of $2,000, almost halving.
If it weren't for the positive stimulus of the first 50 basis points rate cut on September 18, it could have directly headed towards $1,600. Over the past six months, whenever the market has corrected, Ethereum has almost always led the decline, with losses comparable to other altcoins.
This indicates a significant weakening of its resilience.
