The price of Ethereum has been declining for three consecutive days and has formed a death cross pattern, putting it at risk of dropping to $1,500. Ethereum has underperformed Bitcoin and other major altcoins due to slower exchange-traded fund (ETF) inflows and ongoing challenges within the ecosystem. Additionally, Ethereum's fees have been declining, with other networks surpassing it in fee generation. Its position in decentralized finance has also weakened, although it remains the largest player in the sector. Ethereum has lost market share to its layer-2 networks, which are now processing substantial transaction volumes. The daily chart shows a series of lower lows and lower highs, with the price forming a death cross pattern. There is a risk of a 35% drop to $1,530, particularly if Ethereum falls below the current support level at $2,130.



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