Ethereum Faces Challenges Amid Price Decline

Ethereum's Recent Price Decline
Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant price drop of 22% in August. This decline marked its worst monthly performance in over two years, as reported by CoinDesk. The downturn has raised concerns about the lack of institutional demand at current price levels. According to Quinn Thompson, founder of crypto hedge fund Lekker Capital, potential buyers are hesitant, perceiving the current prices as overvalued.