Fundamental Analysis #Ethereum✅
The first thing to mention is that a fundamental analysis of Ethereum includes all the factors that may, to some extent, affect the price of Ether. In this way, we encounter the following factors:
The Ethereum 2.0 Upgrade: The platform continues its upgrade and transition from PoW to PoS. This makes the network much faster and increases its processing capacity. In fact, Ethereum is expected to be able to process around one hundred thousand transactions per second, making it more efficient and environmentally friendly.
Regulations: The shift and greater approval in the financial world could boost the price and confidence in Ether. There are rumors of a possible approval in the United States for Ethereum ETFs. Meanwhile, in Hong Kong, the first Ether ETFs were launched on April 30 but did not achieve the expected success.
Large Investors: It is no secret that large transactions made by 'whales' (large holders of cryptocurrencies) can lead to significant movements due to the volume of their operations. These movements are usually closely monitored by small investors, looking to interpret the actions of these big players.
Adoption: The more tokens decide to use Ethereum as their base platform, the stronger the platform becomes and generates more trust among investors.
Other Digital Currencies: It is well known that the movement of other cryptocurrencies can affect the price. In the specific case of Ether, Bitcoin has a significant influence; if it falls, it is very likely that ETH will also do so and maintain a downward trend, and vice versa.