Ether Lee is faced with ‘over -inflation Hellscape’. Analyst shows major warmth insights
Ether Lee (ETH) has continued to perform in the wider cryptocurrency market, which has fallen by 4% over the last 24 hours and is currently trading at less than $ 1,800. Despite the strong start of the year when Crypto Market experienced the strong momentum, ETH did not maintain the upward trajectory.
The assets, which slipped to less than $ 3,000, have fallen significantly and have weakened demand and emotions by violating the $ 2,000 support area.
Bitcoin and other major digital assets have been able to see some recovery in recent weeks, but the drop in Ethereum has weakened network activities and the chain foundation.
This difference has raised concerns about ETH’s short -term prospects and stimulated a new analysis of the root cause of leading assets.
Reduction of commissions and pressing network activity fuel inflation pressure
Encryption analyst Egyhash has recently published a report that emphasizes major warmth metrics that suggest that Ether Lee’s current market weakness is closely related to commission economy and user activities.
According to the title of the title: “Why Ether Lee is worth bleeding: fee conflict meets hyper inflation hellscape.” Ether Lee’s network has experienced the lowest level of activities since 2020.
Since early 2025, the active address has been steadily decreasing every day, and the average transaction fee is the lowest. This decrease in activity has dropped the burn speed of Ether Leeum, which is important to offset inflation pressure after the network switches to steak proof.
The Dencun upgrade, which is expected to improve network efficiency, matches long -term long -term, reducing commission income and increasing ETH issuance at the moment.
Egyhash concluded that the joining of weak network participation, reducing burn speeds, and joining high token inflation were the center of Ether Leeum’s evaluation.
Why Ether Lee is worth bleeding
“Ethereum’s recent low performance may be due to a decrease in network activities, as proved by reducing the active address and reducing the transaction fee.” -Intimate @egyhashx pic.twitter.com/fgqjycroin
-Cryptoquant.com (@Cryptoquant_com) April 3, 2025
Etherrium technology outlook signals potential support
Despite the warmth, some technical analysts are carefully optimistic. TRADER COURAGE, a technical analyst in X, pointed out that Ethereum is currently testing major support areas and can rebound toward the top resistance of the current transaction range.
Go back to the green support line. It seems that we can head to the top of the range.
The main level is on the chart.#ETHEREUM pic.twitter.com/rrx8b3b6nw
-Master container
(@cryptocourage1) April 3, 2025
Another market analyst, Cryptoelite, shared the long -term rise in ETH historically. Based on this trend, analysts believe that if ETH improves more wider market conditions, ETH can still have the potential to meet for $ 10,000.
Chart of TradingView, a major image made of dall-e
