Ether (ETH) has the potential to recover to $2,500 due to improving on-chain metrics despite dropping to $1,744. The Layer-2 network shows significant growth, highlighted by a 10% increase in total value locked in recent weeks.
The price is currently 60% lower than its all-time high due to market competition and economic fears. However, institutional interest remains strong, positioning Ethereum advantageously for future growth.
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