Why Is Ethereum Not Working? Is the Future Worst or Will It Get Better?
Effect of the Market Correction
The drop in Ethereum is consistent with the larger market downturn that has an impact on several cryptocurrencies.
Uncertainty in Regulation
The price volatility of ETH has been exacerbated by ongoing regulatory crackdowns and SEC scrutiny.
Activity & Fees for the Ethereum Network
High gas prices and a decline in on-chain activity have made investors less confident in Ethereum.
The Dominance Factor of Bitcoin
An increase in Bitcoin's dominance has caused money to leave alternatives like Ethereum.
What Will Happen to Ethereum Next?
According to analysts, if market conditions improve and demand for ETH 2.0 increases, Ethereum may stabilize.
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