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ETHER (ETH) has repeatedly failed to break over $ 2700 since May 13, but despite this short -term weakness, the price of ETHER has exceeded the wider capital in the coded currency market by 17 % over the past thirty days, which has increased the possibility of uncertainty in the macroeconomic economy.
Investors are concerned that low interest in decentralized applications (DAPS) in all Blockchains is a major reason that makes ETH still trading by 48 % less than October 2021 at all at $ 4,870. The total value of Locked (TVL), currently 122 billion dollars, remains 43 % less than its peak in December 2021.
ETHEREUM continues to control the TVL scene with a 54.2 % market share, and the leading Leading-2 solutions have obtained a 6.3 % stake in TVL, reducing the competitive pressure from Blockchains alternative. In general, deposits within the ethereum ecological system are four times larger than the common aesthetics of its largest competitors, Solana and BNB.
Critics argue that Ethereum was not ready for the frenzy of Memecoin, which identified the first quarter of 2025, especially with the rise of Onchain’s activity on Solana after the official Trump (Trump) launch in January. However, while some of Solana DAPS has seen a strong momentum, the total interest of Sol holders is still unconfirmed.
For example, I produced the four best Solana DAPS – Meteora, Pump, Jito and Axiom – 356.3 million dollars as a fee over the past thirty days. However, the Solana network itself raised only 48.5 million dollars during the same period. This dynamic creates a declining pressure on the Sol price, as many of these projects regularly sell the treasury reserves.
For comparison, I produced the four best DAPS on ETAREUM 169 million dollars as a 30 -day period, while users paid $ 38.3 million as a network processing. This indicates that ETHEREUM’s dependence on layer 2 solutions may be more suitable for ETH investors compared to the distribution of uneven revenue in Solana.
Ethereal investors are frustrated, but layer growth 2 highlights
To measure whether traders have turned into a decrease after the price of the ether decreased by 9 % between May 29 and May 30, it is useful to check the Eth Futures market.
Despite $ 159 million of connected class positions during the two -day decrease, the annual ETH Futus premium remained approaching 6 %. In neutral markets, a premium is between 5 % and 10 % standard, as sellers require compensation for the late settlement.
Some of the ether investors are frustrated by Ethereum’s lack of distinctive competitive advantages. The latest network upgrade did not turn morale significantly. However, the ecological system of ETHEREUM 2 is now processing more than 15 times more than the basic layer.
Ultimately, investor morale is still based on the wider macroeconomic trends. The possibility of ETH collapsed to less than $ 2400 is closely related to the risks of global recession and commercial tensions. TVL of ETHEREUM and the ability to expand transactions help reduce the risks of the negative side and reduce the chance of ETH less than the broader Altcoin market.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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