Ethereum ($ETH) is currently experiencing a period of volatility, with its current price hovering around $$ 3,100.57, representing a drop of approximately 2.53% over the last 24 hours. The intraday value reached a high of $$ 3,221.19 and a low of $$ 3,042.44.

Recently, Ethereum’s monthly transaction volume has seen a significant 84% decrease since January 2021, while the ETH/BTC pair has reached new lows.

Responding to the criticism, Ethereum co-founder Vitalik Buterin addressed the future of the project, highlighting the current challenges and strategies to maintain the platform’s relevance in the crypto ecosystem.

Despite these challenges, analysts remain optimistic about $ETH’s upside potential, especially with the ongoing implementation of Ethereum 2.0, which aims to improve the network’s scalability and security.

Investors and enthusiasts should closely monitor these developments to make informed decisions about their $ETH holdings.