Ether (ETH), a type of cryptocurrency like Bitcoin, recently went down in price. It fell below $2,600 and is struggling to go back up. This made some people who bet on it going up lose a lot of money!
- Ether's price dropped, making some investors lose money.
- A meme coin craze helped another cryptocurrency, Solana (SOL), become more popular.
- Ethereum, which uses Ether, has some challenges like high fees and difficulty using different parts of its system together.
- There's less demand from big investors right now.
| Fact | Number |
|---|---|
| Money lost by ETH investors | Over $918 million |
| Ether's underperformance vs. altcoins | 10% |
| Annual increase in ETH supply | 0.7% |
| Possible Solana ETF approval year | 2025 |
Experts aren't sure when Ether's price will rise again. It depends on improvements to the Ethereum network and more people using it.
