$ETH Ethereum (ETH) is in a down phase: over the past few months, the price has dropped by 60%, falling below $1,500. The market share of ETH has reached a five-year low. Investors are switching to competitors like Solana due to the growth of DeFi activity. However, Ethereum is preparing the Pectra upgrade aimed at increasing the scalability and efficiency of the network. Network fees have reached a five-year low. Analysts maintain moderate optimism and forecast ETH to rise to $6,500 by the end of 2025. There is also an increase in the share of ETH among large holders, which may increase volatility. The fate of Ethereum depends on the success of technological upgrades and institutional interest.