📉 Ether (ETH) price dips to a monthly low, despite the upcoming spot ETH ETF launch. Analysts predict the ETF may not attract substantial inflows due to current market conditions. Ethereum's revenue is also deemed "minuscule" compared to its market cap, and yields from Ether staking are lower than US Treasury bonds. High Ethereum network fees and reduced demand for ETH leverage add to the challenges. Despite these, Ethereum remains the leader in total value locked and decentralized app volumes. However, the Ether futures premium fell below the 10% threshold, indicating a shift in sentiment. Analysts suggest ETH surpassing $3,700 in the near term appears slim. 😅