Is Etherum dead? The chart displays a key ET price to view

Ethereum The price is under pressure this year, fell 56% of its November high.

Etherum’s (El) Performance has been exacerbated compared to other top cryptogradre such as bitcoin (Btc) and Solana (Salt). In fact, Ethers fell on a record low than salt and hovering on their 2020 accounts against BTC.

This show led some investors and analysts to the question of whether Etherum is dead. In a YouTube Video on Thursday, Charles Hoskinson, Cardano’s (Ada) The founder predicted that Ethers would not pass in the next 15 years.

He pointed to the growth of the layer-2 network like a base, optimism, arbitrum and polygon, who were still receiving market share. These chains have largely taken users from Ethereum, chains known at slow speeds and high transaction costs.

However, a closer look at Top Network Data reveals that Ethereum is far from moving in their death. His decentralized exchange exchange handle Over 57 billion volumes in the last 30 days, which makes the second largest chain after Solana, whose protocols in the same period led $ 61.3 billion in the same period.

Etherum is also the largest chain regarding the total value of locked value. Has a Tvl $ 107 billion, giving it a 57% market share. His stablekoin market cap of $ 124 billion represents 51% market share. The largest chain remains in non-mushroom token industry.

In addition, Sentorian data show that the number of Etherm’s holder continued to grow. It now has over 144.8 million holder, more than 130 million in October last year. In addition, a five-year-old age invested in the dollar increased to 658, indicating that the elderly owners are not selling.

Etherum Technical Analysis: $ 2150 is a key price to watch

The daily shows that Elina’s price bounced after the bottom to $ 1,383 at the beginning of this month. The 2,787 dollars, the highest level of 6 April.

The coins moved above the upper limit of the drop-down channel that formed from last November. He also jumped above the 25-day average average and formed a small bakarian pattern.

The AWESOME OSCILDENT will go beyond the zero line. It jumped above that level at the end of this level, activating a 40% jump.

Therefore, the key level of Etherum price for viewing will be at $ 2,150, the lowest point in August and September last year. The break above that level will signal more gains, potentially at $ 3,000. The failure in movement above that level is risky because it will signal the pattern of the break and representation, which would point to the party further.