What’s happening with ETH?
Over the past three days, $ETH has underperformed the rest of the market, dropping roughly 6–7% more than BTC, SOL, and XRP.
You can see it clearly in the size of the red candles and on the ETH/BTC chart — Ethereum has been bleeding relative strength.
It makes you question whether there’s some $ETH , related overhang behind the scenes. A potential bankruptcy or forced selling from an entity tied to ETH (maybe something like Bitmine?) would explain why the selling pressure feels unusually heavy and why price isn’t bouncing at all.
