I am happy to see the price of March after posting one of the worst one -quarter performances. According to CoingLass data, ETH prices have been almost 50% in the last three months.
Many ETH struggles can be woven as an uncertain climate in the general market, but it is difficult to ignore overwhelming performance in bulls. This struggle suggests the second valuable existence of a valuable encryption ecosystem.
Inference of ‘expectation’ of ETH prices
American Media Giant Bloomberg is one of the latest products that weighs on the struggle of the Etherum ecosystem for the past year. In the March 29 report, Bloomberg evaluated the performance of the ETH ecosystem and compared it mainly with Pryptocurrency Bitcoin.
Ether Leeum Block Chain started almost 10 years ago in July 2015 and attracted attention as a competitor of Bitcoin to take the top spot in the cryptocurrency industry. Bloomberg said in a report that the ecosystem is having difficulty in communicating this initial promise as the ecosystem is a new decade.
In particular, the global encryption environment is improving after electing Donald Trump as the US president.
Trump has been vocal for his professional creepto position. Thanks to Bloomberg’s “Trumpian Emprace,” Crypto Projects appears to be set as a transformed industry with clear and less strict regulations.
But the US media company does not think that “Trump’s hug” is enough to turn Ether Lee’s fate. One of these problems is the developer’s continuous exodus on the blockchain platform.
According to the data from Electric Capital, the number of active developers working in Etherrium -related software fell in about 2024. In contrast, Solana Network saw the inflow of new developers with 83%growth last year.
Bloomberg also emphasized concerns about how Ethereum Foundation (EF) is in operation without considering the price of ETH. For example, the EF moved the traffic to the layer -2 network to make the traffic more cheaper in the blockchain.
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At a glance, Etherrium price
At the time of this article, ETH’s price is higher than the $ 1,800 and reflects more than 3% of slumps in the last 24 hours. As the market environment deteriorates, Altcoin continues to dig deep into the new lowest level for one year.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock’s main image, TradingView chart
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