Ethereum Faces Challenges Amid BTC and SOL Gains

Ethereum's Struggles Amid Bitcoin and Solana Gains

Ethereum, often seen as the silver to Bitcoin's gold in the cryptocurrency world, is currently facing a challenging period. Since the launch of spot ETFs – financial products that track the price of Ether – on July 23, the value of Ethereum (ETH) has dropped by over 28%. In stark contrast, its major competitors, Bitcoin (BTC) and Solana (SOL), have enjoyed significant gains during the same period.