Why is Ethereum losing so much value?

Could you please explain to me why Ethereum seems to be experiencing such significant losses in value? I've noticed a substantial decline in its market capitalization, and I'm curious about the reasons behind this trend. Is it due to fundamental weaknesses in the blockchain technology itself? Or perhaps it's related to external factors like regulatory pressure or competition from other cryptocurrencies? I'm interested in understanding the dynamics that are driving this downward trend and what might be causing investors to lose confidence in Ethereum. Thank you for shedding some light on this matter.