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Ethereum Price Struggles as Competition Rises and ETF Outflows Weigh In

Ethereum has been on shaky ground this year. Mounting competition from both layer-1 and layer-2 blockchains has put pressure on the network, while ETF outflows have added to the selling pressure. Despite the upcoming Pectra upgrade, investors seem largely uninterested, keeping ETH’s price in a downward spiral. A closer look at the charts reveals crucial levels that could dictate Ethereum’s...

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