$ETH

Currently, the demand for data processing on the Ethereum network is sluggish, making it difficult for the built-in destruction mechanism to offset the amount of new coins issued for staking rewards, which in turn leads to ETH being in a state of inflation. Moreover, the upward trend in ETH prices lacks sustainability, which undoubtedly significantly weakens the possibility of achieving long-term, stable growth.

After enduring selling pressure for 16 consecutive days due to unclear macroeconomic conditions and a significant decline in on-chain activity, the price of ETH successfully broke through the $1700 mark. Despite the price rebound, Ethereum's market performance has been noticeably inferior since the beginning of the year, lagging behind the overall altcoin market by 23% in terms of growth.

In terms of market opinions, voices are varied. Some influential figures in the industry hold an optimistic view on the future trend of ETH, believing its momentum remains strong; however, observing Bitcoin's performance, Ethereum is estimated to have about 15% more room for decline, and its future trend is still fraught with uncertainty. #以太坊的未来 #eth