Ethereum's price could block 25% as metrics in the disappointed chain

ethereum Price has crashed in more than 52% of its highest level in December, and the techniques and metrics in the chain point to more inconveniences in the short term.

ethereum (eth) reached its maximum point at $ 4,105 in December and was quoted at $ 1,970 on March 20. This 52% accident makes it one of the blue chip coins with worse market performance.

Ether has crashed as concerns about his future remain. Just this week, standardized analysts degraded their estimate at 60% of $ 10,000 to $ 4,000, citing the growing competition of layer 1 networks and layer 2 that have affected their income growth.

Capa 2 networks in ethereum, such as Coinbase, referee and optimism, have attracted more users to their ecosystems due to their lowest rates. For example, Defilama data show These Dex ethereum protocols managed more than $ 9.8 billion in volume in the last seven days.

The referee handled $ 2.87 billion, while the base had $ 2.8 billion. In the past, this volume would have been handled on the main network of ethereum.

ethereum is also seeing an intensified competition of layer 1 networks such as Solana (Sun) and the BNB chain. The BNB Smart Chain dex protocols managed the volume of more than $ 13 billion in the last seven days.

ethereum is not expected to be an important beneficiary of emerging technologies such as real -world asset token due to their highest rates and a slower speed. Instead, developers can choose to use other scalable and cheaper networks such as Mantra (OM) and the BNB chain.

ethereum has weak metrics in the chain

More data show that the number of active addresses in ethereum has decreased in recent months. The Santimento box shows that ethereum had 461,000 active directions on Wednesday, below 717,000 earlier this year.

Another remarkable data point is the Cap Hodl wave made by ethereum, which is shown in blue. It has crashed with the lowest point since August last year, a sign that long -term holders have begun to sell.

The inverted average dollar age of 365 days or Mdia, which calculates the duration that each currency has remained in one address and all the money used to buy it, has fallen to its minimum of September.

Technical analysis of ethereum Price

The daily table shows that the eth price has been in a strong downward trend in recent months. This fall began after it formed a triple pattern at $ 4,000, with the neckline at $ 2,120.

Ether then formed a death pattern to death when mobile averages of 50 days and 200 days crossed each other. This cross often leads to more impulse down. In addition, popular oscillators such as the relative force index and the percentage price oscillator have decreased.

Therefore, the currency will probably continue to fall as sellers point to the psychological point to $ 1,500, which is approximately 25% below the current level.