Why is Ethereum performing so poorly?
The sentiment was that the Ethereum staking ETF was about to be approved, but so far there has been no news, and it may be delayed again. Some large investors who bet on this positive news have sold off and left. It seems that there are technical issues with Ethereum's Shanghai upgrade, likely another bug. Right now, Ethereum is having a tough time, with a lot of frustrating issues, which is reflected in the price and makes people feel disheartened. There are many reasons for the market decline, but if we really want it to rise, we have to look at interest rate cuts as a strong stimulus. The next focus should be on two things: whether prices are rising sharply and the issue of inflation, and the strength of the trade war with the U.S. These two factors are like a steering wheel, directly determining the direction of the market.
