【Exclusive Reveal! The Truth Behind Ethereum's Plunge Exposed! ETH Actually Falls into the 'Inflation Trap', It's Not Unjustified!】
Once the 'number one star' in the crypto world, Ethereum is now retreating step by step! The price of ETH not only fell below $1800 but has plummeted over 60% from its peak price of $4000! What exactly happened?
Tragic! Ethereum is trapped in a 'death spiral'
According to CryptoQuant analysis, Ethereum is being dragged into the abyss by three major killers:
Dramatic drop in network activity
The number of active addresses has significantly decreased, and on-chain transaction fees have hit a historical low.
Destruction mechanism failure
Since the 'Merge' transitioned to PoS, ETH, which should have been deflationary, has now returned to an inflationary track!
Dencun upgrade has 'backfired'
Although transactions have become cheaper, it has also led to reduced gas consumption, causing ETH destruction to decline significantly, further diluting its value.
Why is ETH struggling to escape the fate of decline?
The inflation rate remains high, the number of coins issued is increasing, but no one is using them.
On-chain activity is declining, with significant reductions in ecosystems like DeFi and NFTs.
The drawbacks of the upgrade are becoming apparent, as the cheap transaction costs are undermining the core value of ETH.
As analyst EgyHash stated: 'Without sufficient usage, the destruction mechanism is simply out of the question.'
Is there hope?
For ETH to recover, there is only one key: to make the network 'heat up' again!
Only with an increase in active addresses and rising gas prices can destruction keep pace with minting, giving ETH a chance to return to a deflationary track.
Current data overview:
Current price: $1790
Daily drop: 4%
Monthly drop: 16%
Drop from peak: over 60%
Recent US trade tariff policies have also added external pressure to ETH prices.
Summary: The myth is shattered, and reality is awakening!
Don't be superstitious about Ethereum's 'long bull myth' anymore!
Without users and without heat, even the strongest technology is just a castle in the air.
Stunned! ETH's plunge back before liberation is not a coincidence, but a step-by-step walk into its own inflation trap!
Once the 'number one star' in the crypto world, Ethereum is now retreating step by step! The price of ETH not only fell below $1800 but has plummeted over 60% from its peak price of $4000! What exactly happened?
Tragic! Ethereum is trapped in a 'death spiral'
According to CryptoQuant analysis, Ethereum is being dragged into the abyss by three major killers:
Dramatic drop in network activity
The number of active addresses has significantly decreased, and on-chain transaction fees have hit a historical low.
Destruction mechanism failure
Since the 'Merge' transitioned to PoS, ETH, which should have been deflationary, has now returned to an inflationary track!
Dencun upgrade has 'backfired'
Although transactions have become cheaper, it has also led to reduced gas consumption, causing ETH destruction to decline significantly, further diluting its value.
Why is ETH struggling to escape the fate of decline?
The inflation rate remains high, the number of coins issued is increasing, but no one is using them.
On-chain activity is declining, with significant reductions in ecosystems like DeFi and NFTs.
The drawbacks of the upgrade are becoming apparent, as the cheap transaction costs are undermining the core value of ETH.
As analyst EgyHash stated: 'Without sufficient usage, the destruction mechanism is simply out of the question.'
Is there hope?
For ETH to recover, there is only one key: to make the network 'heat up' again!
Only with an increase in active addresses and rising gas prices can destruction keep pace with minting, giving ETH a chance to return to a deflationary track.
Current data overview:
Current price: $1790
Daily drop: 4%
Monthly drop: 16%
Drop from peak: over 60%
Recent US trade tariff policies have also added external pressure to ETH prices.
Summary: The myth is shattered, and reality is awakening!
Don't be superstitious about Ethereum's 'long bull myth' anymore!
Without users and without heat, even the strongest technology is just a castle in the air.
Stunned! ETH's plunge back before liberation is not a coincidence, but a step-by-step walk into its own inflation trap!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
1,838.2
-0.09%