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Ethereum underperforms broader crypto market amid network reliability concerns
Ethereum fell about 5% as concerns over transaction delays and declining total value locked overshadowed broader crypto market gains.
Ethereum prices declined sharply even as the wider cryptocurrency market posted modest gains, highlighting asset specific concerns among investors. The selloff followed renewed scrutiny of Ethereum’s network finality, after reports of hours long delays in transaction confirmations unsettled users. These issues have revived debate around Ethereum’s short term reliability compared with rival layer 1 blockchains.