🚨 Ethereum is losing users — what will happen to the price of ETH? 💸🔥
The Ethereum network$ETH has noticeably "cooled down" — user activity is declining, and along with it, the volumes of burned tokens.
In the last month, 72,927 ETH (worth $134 million) has returned to circulation. This impacts the price: deflation is weakening, supply is increasing 📈
😬 Reasons?
➡️ Mass transition to L2 networks (Optimism, Arbitrum)
➡️ Low fees and high speed from competitors (hello, Solana 👋)
➡️ Users are simply leaving the main Ethereum network
📉 The price of ETH$ETH is stuck between $1,733 and $2,027.
With weak activity — the risk of a downturn.
With buyer pressure — a breakout above $2,000 is possible 💪
🎯 The future of ETH$ETH depends on:
1️⃣ The return of users to L1
2️⃣ Activity in token burning
3️⃣ The overall sentiment in the crypto market
👀 Keep an eye on the network metrics — they will tell you more than any forecast.