Ethereum's network revenue plunges by 99%, sparking 'death spiral' concerns

Ethereum's network revenue plunges by 99%, sparking 'death spiral' concerns   cryptoslate.com 04 September 2024 11:59, UTC Ethereum’s layer-1 network has witnessed a drastic decline in revenue, plummeting by 99% since March 2024. Data from Token Terminal reveals that network revenue peaked at over $35 million on March 5. However, by Sept. 2, daily revenue…

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Ethereum Faces Bearish Momentum Amid Sell-Offs and Market Uncertainty

Ethereum Faces Bearish Momentum Amid Sell-Offs and Market Uncertainty   thenewscrypto.com 04 September 2024 12:13, UTC Ethereum’s price has dropped nearly $1,000 since July 30th, with the RSI indicating it is in oversold territory. Significant sell-offs and ETF outflows are contributing to Ethereum’s current bearish trend. Ethereum has been experiencing a bearish momentum since the…

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Ethereum exchange reserve increased by 163K ETH in five days amid price consolidation

Ethereum exchange reserve increased by 163K ETH in five days amid price consolidation   fxstreet.com 04 September 2024 04:21, UTC Ethereum’s exchange reserve increased by 163K ETH in the past five days. Ethereum has added over 4 million new holders in the past three months. Ethereum could bounce near $2,400 support after moving average resistance….

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