Ethereum ($ETH ) Under Pressure: Can Network Update Save Price? 🏗️

​Ethereum Continues Struggle to Survive Above $2,050.

ETHUSDT

Perp

1,918.2

-1.14%

While Bitcoin Dominates, ETH Is Losing Market Share, Falling to Its Lowest Levels Against BTC in Years. According to ForkLog, Developers Are Preparing Another Scalping Phase, But the Market Is So Far Ignoring This Fundamental News Due to General Pessimism.

​Analysts Say the Asset is Oversold. If ETH Holds Support at $2,000, We Could See a Sharp Short Squeeze to $2,300.

Investing.com Notes That Network Activity in Layer 2 Ecosystems Continues to Grow, Creating Dissonance Between Real Price and Network Usage. Ethereum now resembles a “compressed spring” waiting for just the slightest trigger to shoot upwards.

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