The price of Ethereum (ETH) has been declining for two consecutive weeks amid concerns about weak demand and falling market share. ETH is currently about 37% below its highest level in December 2021. Additionally, Ethereum has been overtaken in terms of trading volume and fees by other cryptocurrencies like Solana (SOL) and Tether. However, there are potential catalysts for a comeback. Spot Ethereum ETFs have been experiencing cumulative net inflows, indicating demand from Wall Street investors. Furthermore, Ethereum balances on exchanges have been falling, suggesting potential investor accumulation. Technical analysis also indicates that ETH may bounce back and retest resistance levels, potentially reaching all-time highs.
Content Editor ( crypto.news )
- 2025-02-08
3 reasons why Ethereum price may go parabolic soon
