Ether struggles below $3,000 as low fees and ETF outflows weaken bullish momentum into 2026

Ether has been moving in a tight band around $2,900 while repeatedly failing to reclaim the $3,000 mark, as derivatives data and ETF flows show limited appetite for leveraged long exposure. Network fees have fallen even as on-chain activity and DApp usage remain flat, and ongoing net outflows from Ether ETFs are further weighing on sentiment heading toward 2026. Analysts note that a durable recovery for ETH likely hinges on stronger Ethereum network demand and more robust decentralized application activity.