Technical analysis suggested a possible short-term recovery, with key metrics indicating reduced investor interest.
The downturn in Ethereum’s market performance is attributed to several factors, including massive whale activities that have introduced substantial volatility and selling pressure into the market.Further compounding Ethereum’s market woes are the declining metrics of network activity., Ethereum’s active addresses have decreased from a peak of 564,868 in late April to 468,548 as of press time.
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