Ethereum needs stronger blockchain activity, new use cases, and collaboration with various sectors to regain investor confidence and recapture its previous all-time high, analysts stated. Ether has been declining for six weeks, trading below $4,000. According to Aurelie Barthere, a principal research analyst at Nansen, Ethereum must enhance fundamental blockchain activity as other layer-1 solutions are emerging with improved apps and lower fees. Barthere emphasized the potential for collaboration with both public and private entities, particularly noting a governmental exploration into blockchain solutions. Joseph Lubin, co-founder of Ethereum, hinted that the Trump family may consider launching an Ethereum-based cryptocurrency business. Additionally, Ether options trading volume has increased significantly, indicating a potential market recovery. Despite this, analysts warn that Ether faces strong resistance at $3,400, which must be surpassed for a substantial price increase. The market is anticipating continued institutional backing, which may further stimulate Ethereum's performance.

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