Ethereum (ETH) Struggles to Regain $4,000 Mark: Are Weak Fundamentals Leading to a Potential Crash?
- Ethereum has been underperforming in recent weeks, hovering around the $3,100 mark, leading to concerns about its future performance.
- Despite its high correlation with Bitcoin, Ethereum has failed to make significant gains, even as Bitcoin reaches new all-time highs.
- Markus Thielen, Head of Research at 10x Research, suggests that Ethereum’s weak fundamentals are not only affecting its price but also having a spillover effect on Bitcoin.
Ethereum’s disappointing performance raises concerns about its future, as it fails to make significant gains despite its high correlation with Bitcoin. This article delves into the reasons behind Ethereum’s lackluster performance and its potential impact on the broader crypto market.
Ethereum’s Lackluster Performance
Ethereum’s price has been disappointing for investors, with the cryptocurrency failing to make significant upward moves. Despite its high correlation with Bitcoin, Ethereum has been underperforming. Markus Thielen, Head of Research at 10x Research, points out that Ethereum’s performance in the last bull market was closely tied to new sectors such as decentralized finance (DeFi) and non-fungible tokens (NFTs). However, Eth... Read the full article for FREE at COINOTAG!
