Ether’s struggle to reclaim $4,000 is the result of weakening onchain activity, a decline in fees, and competition from Solana, BNB Chain, and upcoming altcoin ETFs.
You might also be interested in reading Garlinghouse: SEC Official Received ‘Millions’ From Vested Interests, Tradfi Heavyweight Crypto Exchange EDX Launches, Peter Schiff on USD Decline — Week in Review.