Ethereum has declined for the sixth consecutive month, marking the second-longest monthly decline since 2018. The current downward pressure is attributed to whale sell-offs, derivatives selling, macroeconomic uncertainty, L2 layer erosion, and outflows from spot ETFs. Although the current trading price is slightly above the peak in 2018, some analysts remain optimistic about the long-term trend, with Standard Chartered Bank predicting its price could rise to $7,500, and VanEck suggesting it could reach $10,000.