#EthereumFuture Ethereum (ETH) is showing signs of recovery by staying above $1,700 after a period of decline. However, its long-term outlook is mixed due to both technical and fundamental factors. A significant increase of 449,000 ETH into long-term holder wallets indicates strong investor confidence, even though many investors are currently losing money on their investments.

There has been a 10% rise in active addresses, suggesting increased network activity, but participation in decentralized finance (DeFi) remains low, with stagnant transaction volumes. Ethereum's network fees have dropped to their lowest levels in five years, raising concerns about demand, and there seems to be a decline in institutional interest, especially with recent ETF outflows.

Despite the recovery signs, the long-term outlook for ETH faces both technical indicators that suggest a potential improvement and fundamental metrics that raise doubts about the ongoing growth of the Ethereum ecosystem.

The future also depend on network scalability and De Fi applications

What u think about it?