Ethereum (ETH), the second-largest cryptocurrency, has stalled at $2100. This price is 47% lower than its peak in December and 45% less than the same time last year. Data indicates that Wall Street investors are continuing to sell their assets. According to SoSoValue, Ethereum exchange-traded funds (ETFs) have seen a total capital outflow of $455 million in just two weeks. The net inflow into these ETFs is around $2.7 billion, significantly less than the $37 billion inflow in Bitcoin ETFs. The likely reason for this weak trend is Ethereum’s price decline and weaker performance compared to other digital currencies since 2024. Moreover, Ethereum ETFs do not offer staking and income generation opportunities for investors. Ethereum faces numerous challenges and is no longer the most profitable player in the crypto industry.
