Ether is struggling to reverse a nearly three-month downtrend, as macroeconomic concerns and ongoing selling pressure from U.S. Ether exchange-traded funds (ETFs) weigh on investor sentiment.
Ether
ETH
R$ 11,091
has fallen over 53% since it began its downtrend on December 16, 2024, after reaching a peak above US$ 925,877,803,334.100, according to data from TradingView.
The downtrend has been driven by global uncertainty surrounding U.S. import tariffs, which have triggered concerns about a trade war, and by the lack of developer activity on the Ethereum network, according to Bitfinex analysts.
