Ethereum’s price stands at 2,564 USD, despite an 8% gain recently. However, its struggle to breach the 2,700 USD level highlights ongoing challenges amidst 17% decline in total value locked, while Solana intensifies competition.
Average network fees on Ethereum have surged by 150% month-over-month, indicating ongoing demand. Moreover, institutional interest remains robust, with USD 700 million in net inflows into Ether ETFs recently, supporting the price near 2,500 USD.
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