Ether (ETH) is facing challenges as it struggles to maintain a price above $2,500, with the cryptocurrency seeing its sixth consecutive day in the red. Despite initial hopes that spot Ethereum ETFs would boost prices, these funds have experienced significant outflows, totaling $478.5 million since their U.S. debut in July. This lack of investor interest is concerning, especially as ETH faces competition from other layer-1 blockchains like Solana and BNB Chain, which offer lower fees. Ethereum's market dominance has hit a 42-month low, raising concerns about its future performance.