Ether (ETH) has struggled to maintain a price above $2,500 despite multiple attempts following a crypto sell-off in early August. The launch of spot Ethereum exchange-traded funds (ETFs) on July 23 was expected to boost ETH's value, but it has faced resistance at the $2,500 level. Factors contributing to this struggle include net outflows from Ethereum ETFs, lack of institutional interest, and competition from other blockchains offering lower fees and higher scalability. Ethereum's network activity has lagged behind rivals like Bitcoin and Solana, with decreasing market dominance. Analysts suggest that ETF inflows will be crucial for Ether's market performance, while others warn of potential bearish trends. Overall, the article highlights the challenges Ether faces in maintaining its position in the market amidst changing dynamics and investor sentiments. Read more AI-generated news on: https://app.chaingpt.org/news

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