Ethereum$ETH is down today for a very simple reason, but almost nobody is explaining it properly š¢
Itās coming straight from global regulations, and the timing matters š¤
Thatās right, government rules are impacting Ethereum mining, AGAIN.
Hereās whatās happening š¢š¢
Some major regions have recently tightened crypto regulations š¢
In certain areas, a large number of Ethereum$ETH mining operations were paused in December š¢
Roughly tens of thousands of miners went offline in a very short time š¤
You can already see it in the data:
Network hashrate is down significantly.
When miners are forced offline like this, a few things happen fast:
ā They lose revenue immediately
ā They need cash to cover costs or relocate
ā Some are forced to sell ETH$ETH into the market
ā Uncertainty spikes short term
That creates real sell pressure, not the other way around.
This isnāt a long-term bearish signal for Ethereum.
Itās a temporary supply shock caused by external rules, not demand.
Weāve seen this pattern before.
Regulations tighten ā miners shut off ā hashrate dips ā price wobbles ā network adjusts ā Ethereum moves on.
We should expect some short-term pain, but long term this doesnāt even matter š„š¢
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