Ethereum

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-faces-market-fluctuations-and-growth-challenges/" data-wpel-link="internal">Ethereum Faces Market Fluctuations and Growth Challenges</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/google-ceosu-kripto-para-pismanligini-dile-getirdi" data-wpel-link="internal">Kripto para</a></strong> market fluctuations continue to affect <a href="https://coin-turk.com/analistlerin-2024-ethereum-eth-fiyat-hedefi" data-wpel-link="internal">Ethereum</a> (<a href="https://en.coin-turk.com/ethereum-outperforms-bitcoin-amid-etf-approval-speculations/" data-wpel-link="internal">ETH</a>), which draws attention as the second-largest cryptocurrency by market value. However, uncertainties about how these fluctuations will affect <a href="https://en.coin-turk.com/ethereum-faces-resistance-at-4000-milestone/" data-wpel-link="internal">Ethereum</a>‘s future trajectory persist. Data reveals critical outcomes that will determine the fate of the cryptocurrency Ethereum.</p> 
<h2 style="text-align: justify" id="expectations-of-a-rise-dominate-for-ethereum">Expectations of a Rise Dominate for Ethereum</h2> 
<p style="text-align: justify">According to recent data from Coinglass, despite ongoing market fluctuations, the majority of Ethereum investors and traders still expect the cryptocurrency ETH to rise. Particularly, investors focusing on long positions maintain their belief in Ethereum’s long-term value increase.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343310 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-long-coin-turk-com-.png" alt="" width="1811" height="577"></p> 
<p style="text-align: justify">This upward trend is so strong that even a trader who lost $4.5 million increased his Ethereum position by taking a significant loan from Compound. This move can be considered an indicator of confidence in Ethereum.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343316 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/eth-coin-turk-com-.png" alt="" width="593" height="575"></p> 
<h2 style="text-align: justify" id="many-ethereum-owners-are-not-yet-profitable">Many Ethereum Owners Are Not Yet Profitable</h2> 
<p style="text-align: justify"><b>Santiment </b>data shows that the Market Value to Realized Value (MVRV) ratio of Ethereum has dropped and many Ethereum owners are not yet profitable.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343314 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/glassnode-ethereum-eth-coin-turk-com-.png" alt="" width="1918" height="641"></p> 
<p style="text-align: justify">This situation signals a potential rise in the price of the cryptocurrency ETH, as investors likely continue to hold their assets expecting further increases.</p> 
<h2 style="text-align: justify" id="decrease-in-network-growth">Decrease in Network Growth</h2> 
<p style="text-align: justify">Despite a decrease in network growth, Ethereum’s price potential seems to be increasing. According to Santiment, the influx of new users into the Ethereum ecosystem is slowing down.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-343320 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/eth-coin-turk-com-2.png" alt="" width="1917" height="631"></p> 
<p style="text-align: justify">Despite increased activities on the network, Ethereum fees have reached their lowest level since January. Normally, as network activities increase, Ethereum fees would rise rapidly. However, currently low fees indicate fewer new users and even that they are holding onto their ETH tokens.</p> 
<p style="text-align: justify">However, Santiment’s data also shows that current users are active and providing liquidity to the Ethereum ecosystem. This points to potential price increases for the ETH token. As the leader of altcoins in the crypto world, ETH is currently trading at approximately $3,190 and has recorded an increase in the last 24 hours. This situation indicates a short-term improvement in Ethereum’s price, but the decrease in network growth raises concerns for long-term price performance.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-faces-market-fluctuations-and-growth-challenges/" data-wpel-link="internal">Ethereum Faces Market Fluctuations and Growth Challenges</a></h5>

Ethereum Faces Market Fluctuations and Growth Challenges

Table of Contents

COINTURK NEWS

Other articles published on Apr 22, 2024

Is the altcoin season upon us? Takeaways from the Bitcoin halving

Thailand SEC to Block Access to Unauthorized Crypto Sites

'Dogecoin Killer' Shiba Inu Up 19% In 2 Days, Raises $12M For New Blockchain

Momentum on $MEDA presale breeds optimism for price recovery on Shiba Inu and FLOKI

How stablecoins helped Base’s TVL surge to $5.8 billion

Just In: Elon Musk X Payments Scores Tennessee Money Transfer License Win

Join our free newsletter for daily crypto updates!