Ethereum

Solana

<ul class="wp-block-list news-points">
 <li>Ethereum’s underperformance is not just against Bitcoin but also altcoins like Solana and BNB since the merge.</li>
 <li>Ethereum’s derivatives market shows mixed signals with reduced trading volumes but steady interest in holding positions.</li>
 <li>BlackRock’s Ethereum ETF has seen strong inflows, yet overall market sentiment remains cautious due to price pressures.</li>
</ul>
Ethereum (ETH) has underperformed since its shift to the proof-of-stake (PoS) consensus model two years ago. According to The Block, citing a report from CryptoQuant, Ethereum’s performance has been 44% lower than Bitcoin’s since the merge. CryptoQuant’s senior analyst, Julio Moreno, explained that Ethereum’s decline isn’t limited to <a href="https://coinedition.com/bitcoin-price-plunge-sparks-601m-etf-exodus-profit-taking-or-de-risking/" rel="noopener noreferrer nofollow">Bitcoin</a> comparisons; it has also lagged behind altcoins like Solana and BNB.
Moreno pointed out that Ethereum’s current price remains above the undervalued range, suggesting that the ETH/BTC ratio might need to drop by 50% before ETH enters this territory. Consequently, further price decreases are possible. The underperformance has been attributed to weakening network activity, reflecting reduced market confidence.
Ethereum is trading at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$2,374.02</a> with a 24-hour trading v…
The post <a href="https://coinedition.com/ethereums-post-merge-blues-44-behind-bitcoin-more-pain-ahead/" rel="noopener noreferrer nofollow">Ethereum’s Post-Merge Blues: 44% Behind Bitcoin, More Pain Ahead?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum’s Post-Merge Blues: 44% Behind Bitcoin, More Pain Ahead?

Coin Edition

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