In the current landscape of cryptocurrencies, while some large-cap altcoins like Solana and XRP have performed exceptionally well, Ethereum—the leading altcoin—struggles to gain momentum. Recent analysis reveals that the supply in profit for Ethereum has reached a new four-month low, raising concerns among investors about its performance over the past year. Understanding the underlying reasons for Ethereum’s underperformance compared to peer assets will be crucial for potential future investments as the market evolves. As investors assess their strategies, a deeper understanding of Ethereum’s position within the broader market landscape can provide clarity.