Why is Ethereum Price Underperforming Against the Crypto Market

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Ether price continues to plunge as troubled investors worry about the lack of spot Ether inflows, declining Ethereum network fees and a potential tech stock bubble bursting.

Ether price is down 5.2% between Sept. 3 and Sept. 4 after a strong rejection at the $2,550 resistance, marking eight days since it last closed above that level. 

Traders are now concerned that Ether may underperform even if the broader crypto bull market resumes, as incentives for fixed income in the United States are expected to decrease. So, exactly what is putting pressure on Ether’s price?

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