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Ethereum price has remained under pressure as exchange reserves rise, ETF inflows stall, and its market share in decentralized finance declines.
Ethereum  was trading at $2,550 on Friday, Nov. 1, down by 37% from its highest level this year. In contrast, Bitcoin  is just 4.7% below its all-time high.
Ether faces several challenges. Data from CryptoQuant shows that the volume of tokens in exchanges has been increasing in recent months, suggesting that some holders have started selling. Among those reportedly selling are the Ethereum Foundation and Vitalik Buterin.
Second, spot Ethereum ETFs are seeing sluggish demand from investors. According to Sosovalue, cumulative outflows stand at $480 million, while Bitcoin ETFs have seen over $24 billion in inflows.
Ethereum has also lost market share in the decentralized exchange sector to Solana . Data shows that Solana DEX platforms like Raydium and Orca handled $51 billion in volume in October, surpassing Ethereumâs $42 billion. 2 replies
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