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Ethereum Price Suffers 77% Crash Against Bitcoin, On-Chain Deep Dive Reveals Reasons Why

  • Ethereum has suffered a 77% price crash against Bitcoin, leading to underperformance for almost four years.
  • Reasons behind Ethereum's price struggles include technical, sentimental, and regulatory issues.
  • Layer 2 solutions and complex roadmaps are cannibalizing activity on the mainnet and confusing investors.
  • High gas fees, slow upgrades, lack of investment appeal, and increased competition also contribute to Ethereum's decline.

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