Ether price struggles to maintain support as regulatory challenges and network issues weigh

1. Main Topics: a. Ether price struggles to maintain support b. Regulatory challenges faced by Ethereum c. Network issues affecting Ethereum 2. Ether Price Struggles to Maintain Support: The article highlights that the price of Ether has been witnessing a downtrend since its all-time high of $4,356 in May 2021,struggling to maintain support above the $2,000 level. Experts attribute the bearish momentum to a combination of factors such as heightened regulatory scrutiny,market corrections,and network issues. 3. Regulatory Challenges Faced by Ethereum: 2021 has been a challenging year for the entire cryptocurrency industry,with several nations taking a stern stance towards crypto regulations. Ethereum,being the second-largest cryptocurrency,has also been under regulatory scrutiny,with countries like China banning crypto trading and mining activities. Other countries like the United States,Thailand,and South Korea have also enforced regulations that have affected the functioning of Ethereum transactions. 4. Network Issues Affecting Ethereum: The Ethereum network has been facing significant congestion issues,leading to high transaction fees and slow processing times. The congestion is mainly due to the network's current infrastructure that relies on Proof-of-Work (PoW). The launch of Ethereum 2.0 aims to address these issues by moving the network to a Proof-of-Stake (PoS) consensus mechanism. The migration is still ongoing,and until it's completely implemented,users will still face network issues. Note: Based on the article's emphasis,the main topic that the author concentrates on is the struggle that Ether has been facing in maintaining support,so I have chosen to provide more details on this topic.

source https://titdoi.com/news/Ether-price-struggles-to-maintain-support-as-regulatory-challenges-and-network-issues-weigh