🔥 Ethereum's On-Chain Activity Hits New Lows  📉

Ethereum’s daily $ETH burn hit an all-time low, with just 53.07 ETH burned on Saturday—signaling a major slowdown in network demand. Active addresses, transaction counts, and on-chain volume have all declined, reaching levels not seen since October 2024.  🤷

Impact:
 
▪️Lower ETH burn = weaker deflationary pressure. 
▪️Standard Chartered slashed its 2025 ETH price target from $10K to $4K, citing Layer 2 networks absorbing value. 

Is Ethereum losing momentum, or is this just a phase? 🤔

#FidelityStablecoin #ETH