Ether (ETH) fell 7.3% from October 1 to October 8, erasing previous gains. The decline mirrored broader trends in the altcoin market, raising doubts among traders about ETH's ability to return to $2,600.

- Investor sentiment is mixed: ETH is down 2% since September 1, while altcoin market cap has risen 4.5%.

- Competition is heating up: Solana, BNB Chain, and other blockchains are gaining momentum.

- Ethereum DEX volumes have fallen from 64% to 22%.

📉