Market Analysis COINTELEGRAPH IN YOUR SOCIAL FEEDKey takeaways:Ethereum’s $100 billion TVL leadership contrasts with falling activity, as competitors gain traction through lower fees. Ether (ETH) rose 14% over the past seven days, climbing above $4,500 for the first time in two weeks. Still, derivatives indicators continue to show skepticism, leaving traders to wonder what is weighing on sentiment and whether ETH can push past $5,000 in the near term. Even the 100% rally in ETH during the six weeks leading up to Aug. 13 was not enough to spark confidence. Increased competition in DEX activity reduced Ether’s appealSome analysts attribute Ether traders’ unease to growing competition, particularly following the launch of the Official Trump (TRUMP) memecoin on Solana.