Ethereum’s effective futures market and increased layer-2 transactions signify strong fundamentals. ETH currently stands at 2,526 USD, performing better than the overall crypto market.
Investors are worried about lower engagement with decentralized applications, which has led to ETH trading significantly below its peak of 4,870 USD in October 2021.
Future ETH performance is closely linked to macroeconomic conditions, particularly fears of a global recession which could impact its price stability.
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