Coinspeaker
Ethereum Price: Here’s the Real Reason ETH Is Falling
The price of Ethereum
ETH
$1 764
24h volatility:
5.8%
Market cap:
$212.99 B
Vol. 24h:
$25.37 B
, the world’s largest altcoin, is struggling despite a recent broader market recovery. On-chain data shows ETH is experiencing weak network activity, a drop in transaction fees, and inflationary pressure from the Dencun upgrade.
Analysts warn that these factors put downward pressure on Ethereum, hindering its much-anticipated recovery.
Reasons for ETH Drop by CryptoQuant
According to CryptoQuant, several reasons are behind Ethereum’s prolonged market decline. The analytics platform points to the ongoing decline in active addresses as a major factor.
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