$ETH

Ethereum (ETH) faces challenges but shows resilience. Recently, ETH dropped below $1,600, underperforming Bitcoin, with a 77% crash against BTC since 2021. Market dominance hit a multiyear low at 7.18%, while Solana gains traction. A DeFi project, The ROAR, lost $800K in an exploit, highlighting security risks. Vitalik Buterin’s RISC-V proposal aims to boost efficiency, but scalability issues persist, with blob space constraints threatening L2 growth. Despite bearish technicals, whale accumulation (320K ETH bought recently) and low exchange balances signal long-term optimism. The Pectra upgrade, set for May 7, could enhance scalability.