#ETHProspects

#ETHP Ethereum, the second-largest cryptocurrency, recently failed to break $3,524, leading to a sharp price drop. Since then, recovery efforts have remained weak as volatility persists.

However, current conditions suggest that Ethereum may be preparing for a comeback as the market stabilizes.

Ethereum has room to recover

Ethereum’s Network Value to Transactions (NVT) ratio is declining, having recently hit a monthly low. A low NVT indicates that transaction activity is balanced with network value, reflecting low volatility. This creates a favorable environment for a price recovery, which Ethereum desperately needs to regain its footing.