Ether has fallen over 53% since December, struggling to overcome a near three-month downtrend due to macroeconomic concerns and ongoing selling pressure from US Ether exchange-traded funds (ETFs). The cryptocurrency peaked at over $4,100 on December 16, 2024, but the downturn has been exacerbated by global uncertainties and reduced builder activity on the Ethereum network. Analysts point out that high operating fees deter new projects, contributing to Ether's poor performance. Additionally, Ether ETFs have experienced four consecutive weeks of net negative outflows, totaling over $119 million, influencing market sentiment and limiting price recovery. Still, some institutional investors expect a rebound for Ether's price in 2025, despite current downward pressures and fears of an early bear market cycle.

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