Ethereum Playing Catch-Up? Bloomberg Examines ETH's Struggles In New Report
Portfolio Pulse from
Bloomberg released a report highlighting Ethereum's struggles in Q1 2024, noting a significant drop in active developers, declining ecosystem performance, and price challenges. The cryptocurrency is down nearly 50% in the last three months, with concerns about the Ethereum Foundation's strategic decisions and competition from networks like Solana.
March 30, 2025 | 9:15 am
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NEGATIVE IMPACT
ETH price has dropped nearly 50% in Q1, with declining developer activity and potential strategic missteps by the Ethereum Foundation impacting market sentiment.
Multiple factors suggest negative short-term outlook: developer exodus, price decline, and strategic challenges in the Ethereum ecosystem
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100