Ether Reclaims $2K As Ethereum Daily Burn Rate Records All-Time Low
Portfolio Pulse from
Ether has reclaimed the $2,000 price level with a 2.78% surge in 24 hours, driven by positive market sentiment. However, Ethereum is experiencing an all-time low daily burn rate of 53.07 ETH and reduced on-chain activity, raising concerns about its relevance in the crypto industry.
March 24, 2025 | 9:30 am
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Ether's price recovered to $2,049 with a 2.78% increase, supported by positive market sentiment despite low on-chain activity and reduced daily burn rate.
The price surge is driven by market sentiment, with 77% bullish outlook. However, the low burn rate and reduced on-chain activity suggest potential future volatility.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100