The price of Ether (ETH) fell 7.3% between October 1-8, erasing gains from the previous two weeks. This decline reflects movements in the broader altcoin market rather than factors specific to the Ethereum ecosystem. Investors are uncertain about Etherâs ability to regain the $2,600 level.
The weak performance of Ether ETFs in the US and competition from other blockchains have added to investor frustration. The decline in Ethereumâs decentralized exchange (DEX) volume and the rise of other networks are calling into question its market leadership.
Do you think Ether can overcome these challenges? Share your thoughts in the comments.
