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eth goes brrr to $2,700, but hold up, is on-chain the real issue?! 📉🤔 low activity
ethereum’s facing a rough patch with lower activity, dropping price, and inflationary pressures: traders hope for regulatory clarity and a Web3 revival to bring
Ethereum is facing challenges as ETH drops to $2,700, an 8% decrease in 24 hours. 📉 Traders are concerned about the network’s low activity, impacting its value. With reduced users, lower fees, and quiet DeFi operations, Ethereum’s overall demand has declined for almost two years. 🤔 The drop in network interest has also caused net inflation, with more ETH being issued than burned, making Ethereum inflationary. 📉🔥
To recover, Ethereum’s price hinges on actual usage, not just hype. 🚀 Two potential catalysts for ETH growth are regulatory clarity in the U.S. for institutional DeFi involvement and a new wave of Web3 activities, boosting network usage and value. 🌐📈 Until then, Ethereum may continue to be seen more as a speculative asset than a functional network. 🤷♂️
Ethereum Crashes to $2,700, 10x Research Warns Real Problem Is On-Chain — TradingView News
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