Ethereum (ETH) trades at $2,069, sliding 4.3% in 24 hours and over 3% for the week, hammered by broader market weakness and fading DeFi enthusiasm. Its $250 billion market cap trails Bitcoin's $1.35 trillion by a factor of 5.4, highlighting a widening gap in investor confidence. Comparatively, Ethereum's daily drop of 4.3% is 1.8 percentage points steeper than #1 Bitcoin's 2.5% decline, reflecting its higher beta to market sentiment. Total value locked in DeFi has fallen 12% this week, with Ethereum accounting for 58% of that decline, a concrete data point that signals waning ecosystem activity.
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