The price of Ethereum's token, Ether, has not performed well in the past two years, despite positive drivers such as technology upgrades and scaling solutions. However, the overall market has been shaky, with mixed expectations and distractions such as recession fears and large Bitcoin sales. Despite the falling price, the liquid supply of Ether is shrinking, which could lead to a supply crunch and higher prices if demand picks up. Exchange reserves of Ether remain low, and staking deposits continue to increase. Ether has underperformed compared to Bitcoin and Solana, but there is potential for a year-end rally with the inflow of institutional investors and a shrinking liquid supply.



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