Ethereum's Ether Has Fallen Out of Investor Favor and How
Briefly

Ethereum's ether (ETH), which has risen just 36% this year, significantly lags behind Bitcoin's impressive 109% surge, reflecting ongoing investor aversion and weak fundamentals.
With current market rates around $3,100, ETH remains far from its 2021 high of $4,832, while Bitcoin continues to break its lifetime highs above $90,000.
According to Amberdata's research, traders now see only a 10% chance of ETH surpassing the $4,000 mark by the end of December, indicating a bleak outlook.
Amberdata emphasizes that ETH's outlook is hindered by its lack of 'sound money' qualities, which continues to deter robust investor interest despite encouraging trends in DeFi.
Read at Coindesk
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