Ethereum is currently at a three-year low against Bitcoin, testing critical support levels that could lead to more declines. Noteworthy transactions, including a significant sale by Vitalik Buterin, have heightened market anxieties.
Despite bear sentiment, there is a shift of capital towards altcoins as ETH faces increasing risks. Yearly returns for ETH are currently the worst among major altcoins, further complicating its market position.
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