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ETH's recent performance is underwhelming, to say the least. The price action has been lackluster, and sentiment around Ethereum seems to have shifted. Many traders are questioning whether the narrative that carried ETH through previous cycles still holds water. The network activity and on-chain data don't seem to match the bullish expectations some had set. For anyone holding ETH or considering entry points, these are metrics worth monitoring closely as the market dynamics continue to evolve.