Golden Finance reported that Matrixport stated that the decline in Ethereum’s gas fees reflects that its ecosystem activity has remained sluggish since its upgrade in March 2024. Coupled with the continued sluggish trading volume, ETH prices may face greater resistance to achieve a sharp rise in 2025. In 2024, Ethereum encountered strong competition from alternative protocols such as Solana and Sui, and these platforms successfully attracted more users, causing their tokens to outperform Ethereum throughout the year. Without significant positive news stimulus, Ethereum may continue to be at a disadvantage in 2025, while competing projects are expected to further expand their advantages.