The price of Ethereum will be happy to see March is close to publishing one of its worst offers in the first quarter of all. According to Coinglass data, the ETH price has decreased by almost 50 % in the past three months.
While many ETH conflicts can be linked to the uncertain climate for the public market, it is difficult to ignore its worrying performance even in the mystery of the bull. These struggles indicate deeper problems with the ecosystem for precious encryption.
Thinking behind “low expectations” of the ETH price
The American media giant Bloomberg is one of the latest in the ecological system conflicts ethereum this year. in March 29 reportBloomberg evaluated the performance of the ecological system, and compared it primarily with Cryptocurrency Premier.
Ethereum Blockchain was launched nearly 10 years ago in July 2015, as he drew attention as a Bitcoin competitor to get the first position in the cryptocurrency industry. Bloomberg said in its report that the ecological system seems to be struggling to achieve this early promise when entering a new contract.
It seems that the global coding scene is improving, especially after the election of Donald Trump as President of the United States.
Trump was explicit about his pro -Carbuto’s position. Thanks to what Bloomberg called “Trump’s embrace”, it seems that encryption projects have been appointed in an industry that has turned with clearer and less strict regulations.
However, the American media company does not believe that this “Trump’s embrace” is sufficient to circumvent Ethereum’s fortunes, which seems to be fighting some job issues. One of these problems is the continuous mass migration of developers from the Blockchain platform.
Data from Electric Capital shows that the number of active developers working on ETHEREUM programs decreased by 2024. In contrast, Solana has witnessed the flow of new developers in the past year, with 83 % growth on an annual basis.
Bloomberg also highlighted some concerns about how Ethereum (EF) operates without a sufficient consideration of the ETH price. For example, EF has moved traffic to Layer-2 networks in an attempt to make transactions cheaper on Blockchain.
Unfortunately, Standard Chartard highlighted these promotions, transformed activity and fees away from the ethereum network, which somewhat explains the declining expectations of the ETH price.
Ethereum price at a glance
From writing these lines, the ETH price is slightly higher than the level of $ 1,800, which reflects a decline of more than 3 % in the past 24 hours. With the aggravating market climate, Altcoin continues to search deeply to the lowest new level in more than a year.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
