- Ethereum has gradually improved in the past few years to remain competitive over L2.
- The price of ETH was not after nullifying the multiple week of the first quarter.
The global trade wars negotiations spared the broader encryption market, amid a continuous capital journey to the gold market. The great dependence of digital assets by institutional investors and national courses has greatly complicated the cryptocurrency cycle in the cryptocurrency 2024/2025.
On Wednesday, Federal Reserve Chairman Jerome Powell indicated that the markets will record continuous volatility, amid a continuous separation between the United States and China.
Ethereum network is ready for the upcoming feeling
According to Santiment market data, the average network fee of Ethereum decreased to its lowest level for a period of five years of about $ 0.168. Interestingly, the ethereum network registered earlier on Wednesday, the cheapest cost of daily transactions since May 2, 2020.
ETHEREUM network has witnessed a great competition from the upcoming Blockchains Layer One (L1) (L1) led by Solana (Sol) in the past few years. However, Ethereum Core, led by Vitalik Buterin, led great promotions on the network to ensure the upcoming competitiveness.
Since 2021, ETHEREUM has witnessed a series of major promotions, led by London hard Fork (EIP-1559), Merge, and Dencun in 2024, and recently Pectra upgrade. As a result, Ethereum has become increasingly used
The main anti -monitoring price objectives
After being held in the direction of a decrease since early December 2024, the price of ETHEREUM is likely to reach the bottom, based on historical trends. According to the Crypto Benjamin Quinn analyst, the price of the ETHER, against the US dollar, follows a Syrian style similar to the 2020/2021 bull cycle.
Market data from Santiment shows that Ethereum Price has set a strong support level of about $ 1528, with 2.61 million addresses more than 4.82 million raised.
With the gradual recovery of the ETHEREUM (OI) futures (OI), amid a noticeable decrease in Ether YTD, a possible recovery is likely to occur about $ 2.1 thousand.
