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Ethereum struggles with 30% drop in 2026 as Vitalik shifts focus to its value as long-term collateral.

Market News
09 Nov 2026, 21:00 WIB
AMBCrypto
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Bearish
Ethereum struggles with 30% drop in 2026 as Vitalik shifts focus to its value as long-term collateral.

Ethereum's price has fallen nearly 30% in 2026, wiping out gains from previous years and underperforming Bitcoin, which remains over 75% higher since 2024. Vitalik Buterin is shifting Ethereum's investment narrative from a deflationary model driven by token burns to a store-of-value thesis focused on demand and collateral use. On-chain data shows a sharp decline in ETH burns and staking demand, raising concerns about Ethereum's long-term value proposition. Buterin's new approach aims to reposition Ethereum as a long-term asset amid these challenges.

As of Nov 10, 2026 02:23 WIB, Ethereum trades at Rp38.407.376 on Pluang, down 4.83% in the past day, reflecting ongoing volatility. Bitcoin remains significantly higher in value at Rp1.350.758.643, with a smaller 1-day decline of 1.36%. Ethereum's market cap stands at Rp4.689,76 trillion, with active trading volume of Rp316,12 trillion, highlighting sustained investor interest despite recent price drops.

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