The article discusses the challenges facing Ethereum as it tries to recover the $1,900 mark. Weak DeFi metrics, decreased liquidity, and increased competition are weighing on its price. The network's total value locked has decreased, and stablecoin inflows and decentralized exchange trading volumes are down. Ethereum's revenue has also taken a major hit due to declining transaction fees and low network activity. Institutional demand for Ethereum has reduced, as seen in the withdrawals from spot Ether ETFs. The current trading price is struggling to maintain support, and the chart shows a clear downward trend. However, there is the possibility of a relief rally if demand increases. Staking in Ether ETFs is being considered, which could attract more institutional interest.



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