Reasons for ETH weakness:
1. The ETH Foundation and Buterin reduced their positions in ETH.
2. Cancun upgrade postponed.
3. ETH has recently turned from deflation to inflation, and the selling pressure has increased.
4. The ETH ecosystem is extremely inactive and gas is very low.
#ETH
1. The ETH Foundation and Buterin reduced their positions in ETH.
2. Cancun upgrade postponed.
3. ETH has recently turned from deflation to inflation, and the selling pressure has increased.
4. The ETH ecosystem is extremely inactive and gas is very low.
#ETH