Ethereum is doing everything right? Ethereum is actually underperforming not doing everything right in rare sense. Take a look at the progress of ethereum over the years you will notice that it has been kind of affected by retardation in price increase. Basically it seems to be retracing more than it progresses to the upside.
Based on the very first period of the lunch of ethereum the rate of price increase back then suggested that ethereum should have surpassed the $5K mark long ago but that doesn't seem to be the case.
Well, market will sometimes deviate from the trends, Etheruem started on a good note, but the market factors will not remain the same, demands and other factors are bound to change which subsequently will change the price overtimes.
Moreover, it is quite disappointing on the current performances of Etheruem since late 2024 when Bitcoin was pumping unfortunately, Etheruem showed no strength through out the Bitcoin rally to it's new All Time High. Earlier this year 2025, it also failed to make any tangible moves.
Nevertheless, Etheruem is a solid project, hopefully it will bounce back especially during the much anticipated altcoins season.