The price of Ethereum has been negatively impacted by the declining odds of Donald Trump winning the US general election, falling to $2,500. However, there is still uncertainty regarding the outcome of the election, as polls have been wrong in the past. Assets and cryptocurrencies associated with Trump have also seen significant declines. While Trump's presidency was initially seen as positive for Bitcoin and Ethereum, their prices reached record highs during Joe Biden's presidency. Ethereum's weak fundamentals and decreasing market share in industries like NFT and DeFi have further contributed to its underperformance. Investors are now focusing more on Bitcoin ETFs, which have seen substantial inflows.



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