Ethereum is facing increased fear, uncertainty, and doubt (FUD) as investors rotate their holdings into Solana, causing ETH's price to drop against Bitcoin and Solana. The widening gap between Bitcoin and Ethereum's prices highlights the bearish sentiment surrounding ETH and the rise of competing blockchains like Solana.

Solana has experienced a remarkable 17% gain over the past week, while Ethereum has remained relatively stagnant. This trend is seen as a rotation out of ETH, and some observers believe Solana has the potential to surpass Ethereum's market capitalization in the future.

The ETH/BTC ratio has reached its lowest point since April 2021, indicating a significant decline in Ethereum's value compared to Bitcoin. Despite this, Ethereum developers and advocates continue to defend the blockchain, emphasizing its commitment to true decentralization and significant institutional adoption. Show Less