3 reasons Ethereum can surpass your rivals after falling on the 17-month londa

Ether (El) Pao was 13% between 8. Marta and 11. March, because investors moved to short-term fixed revenues and cash positions, seeking safety due to the global warfare and the increase in fears of economic fall.

ELS prices are required 29% of gains to regain 2.5k dollars

Market concern escalated after the United States responded to Canadian electricity surcharge with Returnance measures.

Usually traders tend to exaggerate, increasing the probability that the ether will recover faster than other means after the feeling of feeling is improving. While some claim that risk funds drove inflation and economic growth data, others believe that gains will depend on measures of incentives and monetary expansion.

Regardless of the catalyst for the next bull driving, the etheric price must climb 29% of its current level 1,940 dollars to return $ 2,500. This move will probably need increased demand from buyer with exploitation, whose activity is now at the lowest point in five months.

Traders want to compensate longer prices for longer settlement periods, making 5% to 10% of the annual premium (basic rate) expected in neutral markets. When the rates fall below this range – such as the current 4.5% signaling the weak bullshawear.

Excessive optimism played a role in ether Recent correctionLike $ 235 million in long positions, which is liquidated between 10. March and 11. Marta.

The panic is sold in Emma at a lower of $ 1,744, the lowest level since October 2023. years. However, several indicators suggest a potential recovery, such as an elivat and narkle metrics show resistance.

Etherum L2 network is growing

Ether trades 60% below its $ 4,868 in $ 4,868. This decline is largely due to increased competition in the Smart contract and claim in decline applications such as non-fungal tokens (NFTS), playingCollectors, Metavers Projects, Social Networks and Web infrastructure.

However, this perspective overlooks a key factor. At the end of 2021. year, the average transaction fee exceeded $ 50, while the activity on Etherum Ecosystem was 97% lower than today.

For the context, the deputy tokens at the basic layer of Ethereum cost $ 1.70. Marta, despite the number of daily average surgeries, emphasizing significant progress in network efficiency.

Even if the bots generate 80% layer transactions, the remaining 20% ​​of activity based on, arbitrum, optimism, zksinc and explosion remains approximately three times higher than Etherum basic layer. However, critics have a valid argument: despite the rise in network activities, the valjanika earns significantly less compared to the end of 2021. years.

Etherum Vantains Dex Top-Spot, TVL grows

Etrereum strengthened its position as a second most popular option for institutional investors in traditional finances, they supported $ 8.9 billion in high external funds (ETFS).

Meanwhile, competitors like Solana Still awaiting regulatory approval For similar ETF products. Even if they get approval, they cannot match the first initiator of the Trust Creascale Etherum, which began public trading on via-terk-in markets in June 2019. Years.

Moreover, Etherum smart contracting deposits, measured by total locked value (Tvl), reached the highest level since July 2022. in ETH terms 11. March, marking growth of 10% in the last two weeks.

Related: Strategic CRIPTO Reserve will growth of ecosystems

In 24 million Eth, Etherum TVL was driven by the growth of the liquid loan, lending, Agricultureand tokenize property in the real world. The network recently regained its leading position in the volumes of decentralized exchange, reaching 20.5 billion dollars for seven days and surpassing Solana’s $ 13.9 billion, according to the Defiles.

This provided a bull’s prospect for ethin price, launched Layer-2 Transactions that are approaching all the time high heights, restoring the upper place in the amount of DEX and the increase in TVL deposits.

Finally, the turnaround of ETRE trend remains very dependent on macroeconomic improvements, but once stabilized, ET is well set up to recover $ 2,500 as a key level of support in the coming weeks.

This article is for general information on the need and should not be taken as legal or investment advice. The views, thoughts and opinions are presented here, the author itself is not necessarily reflected or represent the views and opinions of the cointelegraph.