
Look, the fall of Ethereum is not just a number on the chart, it's a sign! Ethereum after the Duncan update instead of getting stronger, it seems to have somewhat diminished. The sharp decline in network activity, the decline in active addresses, and the decline in the rate of tokenization have all increased the inflationary pressure on the ETH shower.
Result ? A 45% drop that was worse than bitcoin's performance in the same period.
What should he do now? Ethereum is on a support range of nearly 1,800, but lowering fees and network activity is a serious alarm.
When burning wages can't offset inflation, that means sales pressure from miners and whales is still high. But that doesn't mean the game is over.
One highlight, the pektra upgrade is set to be added to the network on April 30. This upgrade may be able to restore the balance between inflation and network sustainability. But this is not just a software update, Ethereum needs to restore investor confidence.
If ETH can keep that range of support, it could have an upward momentum. But if this level is lost, it is likely that for some time Ethereum will remain in the bearish range.
Never forget risk management.