Why Has Ether Been Underperforming Lately?

[Suba]

Monitoring the price fluctuations of Ethereum (Ether) has disappointed many investors, in early December 2024, the price of Ether which had reached above $4 thousand has now fallen drastically to a level of $2,691 (on Coinmarketcap), that's why I think, Ether's performance is less profitable, which is caused by several factors such as:
1. The implementation of additional tariffs issued by President Donald Trump, so that the price of Bitcoin fell by 10% and the price of Ether fell by 30%
2. Several Hedge Fund companies are Short Selling Ether, so that the price drops.

 

[Fidelia]

Ether has always been performing below it's potential even before now. I was expecting it to be hitting $5k at this time. It is not Trump that caused anything.