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

ETH

ETH/USDT

$2,688.41

-0.69%

$2,688.41

-0.69%

(24s)

24h Volume

$10,288,220,439.58

24h H/L

$2,715.70 / $2,635.69

Change: $80.01 (3.04%)

Long/Short

60.2%

Long: 60.2%Short: 39.8%

Funding Rate

+0.0038%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,689.99

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$3,159.67

Resistance 2$2,769.49

Resistance 1$2,707.82

Price$2,689.99

Support 1$2,685.84

Support 2$2,562.83

Support 3$2,501.64

Pivot (PP):$2,694.18

Trend:Uptrend

RSI (14):63.1

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…