<ul><li>Ethereum (ETH) price has dropped over 5 percent in the last five days and is currently trading at about $2,495.</li><li>Competition from other layer one blockchains, like Solana, threatens Ethereum's dominance in the DeFi space.</li><li>Bitcoin is seeing more institutional demand compared to Ethereum, impacting Ethereum's market dominance.</li><li>Technically, Ethereum is facing resistance at around $2,800, forming a potential ascending triangular pattern.</li></ul>

Why Ethereum is Down Today? Is Institutional Demand Shifting to Bitcoin?

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