Despite initial bullish optimism following the US elections, Ethereum’s price has witnessed a consistent decline over the past four months. This downturn comes amid reports of declining fees and delayed updates to the network, leading to lower ETH production and inflationary pressures. 4 consecutive months of losses paint an otherwise bleak picture for the second-largest cryptocurrency. 2023 started with explosive growth following November’s surge, but this rally fizzled out, leaving ETH trading significantly lower than its pre-election peak. Its performance has not only failed to reach a new all-time high like other cryptocurrencies like Solana or Bitcoin, it has also fallen below $2,000 after experiencing steep drops in the recent market correction.