Ethereum (ETH)

Ethereum trades at $2,368.84, trailing Bitcoin's weekly momentum with just a 1.1% gain, as traders question whether ETH can reclaim its role as a DeFi leader. At a 2.9% weekly deficit versus Bitcoin, the gap widens to 3x, reflecting weaker demand despite the layer-2 ecosystem recording $1.2 billion in daily transactions. The price-to-network ratio suggests undervaluation, but short-term inertia persists until a catalyst emerges.