#bitcoin and #Ethereum are displayed in the chart as one of the effective reasons for the separation.👇👇👇

#ETH 's on-chain activity has decreased, causing the daily ETH burning process to reach the lowest level of all time. **The amount of daily ETH burned due to transaction fees on Ethereum reached an all-time low on Saturday. This situation indicates that the demand for the network's block space is low. In recent weeks, with the slowdown in on-chain activity, active addresses, on-chain volume, and transaction counts have also shown a decline.

**On Saturday, the amount of ETH burned due to transaction fees reached an all-time low, indicating a significant decrease in the demand for Ethereum's block space.

**According to The Block's data, only 53.07 ETH was burned on Saturday, which was worth approximately $106,000 at current prices, marking the lowest value ever. According to http://Ultrasound.money, taking into account the burning rate over the last 7 days, ETH supply is expected to grow by 0.76% annually.

***** MOST IMPORTANTLY, Standard Chartered has sharply lowered its price target for Ethereum from $10,000 to $4,000 recently as the network's Layer 2s grow in number and scale. "Layer 2s, and especially Base, are now generating super profits from the Ethereum ecosystem.👀👀