Ethereum’s daily $ETH burn hit an all-time low, with just 53.07 ETH burned on Saturday—signaling a major slowdown in network demand. Active addresses, transaction counts, and on-chain volume have all declined, reaching levels not seen since October 2024. 🤷
Impact:
▪️Lower ETH burn = weaker deflationary pressure.
▪️Standard Chartered slashed its 2025 ETH price target from $10K to $4K, citing Layer 2 networks absorbing value.
Is Ethereum losing momentum, or is this just a phase? 🤔
🔥 Ethereum's On-Chain Activity Hits New Lows 📉
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ETH
1,774
-2.87%