quote$ETH #LaunchpadWars

Ethereum has found itself in a middle position: it does not compete with Bitcoin as a store of value and is not optimal for speculative transactions by retail traders. But the situation has begun to change — the demand for stablecoins and products that reflect the value of real assets based on Ethereum as a technical platform is increasing.

The change in market narratives around Ethereum has led to a mass closing of short positions, which supported the price increase.

The current dynamics will contribute to the recovery of retail trading $ETH and an increase in its volumes.