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Where is Ethereums price headed? These four charts offer signals
2025-05-18 11:45:05| Spiritual Career Counseling
The cryptocurrency has performed dismally in the past year.Developer activity has been plummeting.Active addresses have remained stagnant.Things are looking dire for Ethereum.Its price has dropped 60% since December, developer activity and user engagement have declined, and the blockchain faces criticism to its layer 2 scaling roadmap, which some claim has inadvertently redirected value away from the core protocol.The cryptocurrency has also failed to ride the wave of bullishness that coincided with US President Donald Trumps second rise to power, which saw Bitcoin and the broader crypto market secure new records. Ethereum, on the other hand, dropped to just over around $1,400 earlier this week the same level it traded at in 2018. In short, Ethereums position as the backbone of the DeFi ecosystem is at stake.Ethereum is in a tough spot right now, Eric Conner, an Ethereum core developer, said on X.It delivered on the core tech promises: smart contracts, rollups, proof-of-stake, s...
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