Ethereum

Bitcoin

Impact

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Ethereum’s underperformance is restricting money flow in the market, potentially driving its price down to $2,600.</li> 
 <li>Old coins are moving, indicating that selling pressure might continue.</li> 
 <li>A report by 10x Research suggests that Ethereum’s weak fundamentals are becoming a roadblock for Bitcoin as they prevent broad fiat inflow into the crypto ecosystem.</li> 
</ul> 
<p><strong>Ethereum’s underperformance could lead to a price drop, while its correlation with Bitcoin may be hindering the latter’s growth, according to a recent report by 10x Research.</strong></p>
<div class="code-block-grte code-block-grte-3" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-5555985458647714" crossorigin="anonymous"></script>  
 <ins class="adsbygoogle" style="display:block" data-ad-client="ca-pub-5555985458647714" data-ad-slot="3900999138" data-ad-format="auto" data-full-width-responsive="true"></ins> 
 <script>
     (adsbygoogle = window.adsbygoogle || []).push({});
</script>
</div> 
<h2 id="strong-ethereum-s-underperformance-and-its-impact-strong"><strong>Ethereum’s Underperformance and Its Impact</strong></h2> 
<p>Ethereum [ETH] is struggling to replicate its performance in the last bull market, according to a recent report by 10x Research. The report suggests that Ethereum’s weakened fundamentals are preventing money from flowing into the market at a faster rate. Ethereum was a significant driver of the 2020/2021 bull cycle, but its current lagging performance is restricting the market from reaching its full potential.</p>

Ethereum’s (ETH) Potential Hurdle: Weakness Could Cap Price Under $3,100

Table of Contents

CO NEWS

Other articles published on May 7, 2024

Breaking: Binance CEO Reveals $150 Million Bribe, Conflicts With Nigeria’s Government

Trader Turns $8,673 Into $1.26 Million In Two Months With Hamster-Themed Meme Coin

Ethereum Enhances Wallets with EIP-3074 Proposal

Ethernity Chain Announces New Developments in Blockchain Security

Maktoum bin Mohammed Engages With Global Policy Makers and Financial Industry Leaders at Dubai Fi...

Revolut Introduces Revolut X for Advanced Crypto Trading

Join our free newsletter for daily crypto updates!