Ethereum, the second-largest cryptocurrency by market capitalization, has been long-anticipated by crypto investors to surpass the $5000 psychological level. However, despite the launch of spot ETFs (Exchange-Traded Funds), which drove Bitcoin to new highs, Ethereum’s price has struggled to sustain a directional rally. Here’s what is stopping Ethereum price from producing a ‘God candle’ to the $5k mark. Spot Ethereum ETFs Struggle to Attract Investor Interest Unlink Bitcoin, the spot Ethereum ETFs, has struggled to gather the investor’s interest and capital since debuting on July 23rd. Since then, the Ethereum price has been trending down and plunged 23% to now stabilize above the $2200 level. Yesterday, the spot ETH ETF recorded a modest inflow of $3.06 million, maintaining similarly low inflows throughout the week. In May, the senior ETF analyst of Bloomberg, Eric Balchunas , mentioned, “One of the challenges for Ether ETFs in penetrating the 60/40 Boomer world is distilling it