Ether (ETH) price in India has surged above $1,700 following a 16-day downtrend influenced by macroeconomic uncertainty and decreased onchain activity. Despite the recovery, Ether has lagged behind other altcoins by 23% year-to-date. Some traders speculate on a potential “generational” bull run for ETH, touting its decentralized financial system. However, Ethereum did not achieve a new all-time high in 2025, unlike competitors Solana (SOL), Tron (TRX), and BNB (BNB). Critics argue that the transition away from proof-of-work mining eliminated Ethereum’s competitive edge. The drop in Ethereum fees by 95% since January suggests a lack of immediate price surge potential. Despite leading in Total Value Locked (TVL), Ethereum’s fundamentals have not translated to increased network demand or ETH scarcity. This has led to diminishing optimism among ETH holders. US-listed spot Ether ETFs experienced net outflows, contrasting with BTC inflows. Historical data indicates that ETH price rallies tend to be short-lived compared to rivals. Traders are advised to take profits quickly to mitigate risks. The narrative around Ether’s price performance has evolved from utility tokens to NFTs, AI, and memecoins, with conflicting opinions on future price trends. Overall, historical evidence does not support a sustained ETH rally compared to other altcoins in the Indian market.