Insider Reveals Real Reason Ethereum Is Down 65% vs Bitcoin Since The Merge

ETH

ETH/USDT

$2,459.47

+0.29%

$2,459.47

+0.29%

(24s)

24h Volume

$3,901,676,418.76

24h H/L

$2,464.49 / $2,443.04

Change: $21.45 (0.88%)

Long/Short

60.2%

Long: 60.2%Short: 39.8%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,459.79

▲ 0.16%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,593.80

Resistance 1$2,516.30

Price$2,459.79

Support 1$2,448.56

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):62.9

Lockridge Okoth

(07:42 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

A pointed critique from inside Ethereum’s developer ranks argues that ether’s 65% slide against Bitcoin (BTC) since the Merge stems from specific execution failures at the Ethereum Foundation, not from broad market cycles or coordination problems.

Reid, an ICO-era participant who still builds on Ethereum (ETH), published the indictment, framing the underperformance as accumulated execution…