Here are the top reasons why ETH price is not growing currently:
1. **Bitcoin Dominance**: BTC surge absorbing market attention and investment.
2. **Ethereum Upgrade Delays**: Slowed rollout of Ethereum 2.0 (Serenity) upgrade dampening excitement.
3. **Increasing Competition**: Other smart contract platforms like BSC, Solana, and Polkadot gaining traction.
4. **High Gas Fees**: Elevated transaction costs on Ethereum network reducing usage and appeal.
5. **Regulatory Uncertainty**: Pending US SEC rulings and global regulations causing investor caution.
6. **Technical Resistance**: Strong chart resistance levels around $2,100-$2,200 hindering price breakthroughs.
7. **Whale Investor Sell-Off**: Large ETH holders selling portions of their holdings.
8. **Market Wide Bearishness**: Overall crypto market sentiment currently bearish.
