June 15 (Cointime) - The decision by the Federal Open Market Committee (FOMC) to pause interest rate hikes has resulted in losses for many investors, with Ethereum experiencing a 5.8% loss in 24 hours and trading at $1,638 on Thursday. Ethereum's Total Value Locked (TVL) in the DeFi sector has decreased by $7.84 billion since June 2022, with rising stars like Optimism, Tron, Solana, and Polygon challenging Ethereum's position. The extensive crypto winter is also a challenge for investors in DeFi, as they are forced to diversify their portfolios and pull staked holdings, increasing overhead pressure for DeFi protocols like Ethereum. The Ethereum price downtrend appears to be unstoppable, with bears aggressively working to validate another drop below the lower ascending trendline.