Ethereum (ETH) Fees Plummet 50% as Network Activity Slowdown Sparks Concerns
Portfolio Pulse from
Ethereum is experiencing a significant decline in network activity, with transaction fees dropping 50% and ETH spot ETFs seeing $280 million in outflows over nine days. The cryptocurrency is trading at $1,970, down 40% year-to-date, amid broader market challenges and potential scalability concerns.
March 21, 2025 | 9:45 pm
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Declining network activity, reduced transaction fees, and significant ETF outflows suggest potential short-term bearish sentiment for Ethereum.
Multiple negative factors converge: network activity slowdown, migration to alternative blockchains, substantial ETF outflows, and broader market cooldown suggest potential downward price movement for Ethereum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100