ETH price to $1.2K? Ethereum’s PoS ‘deflation’ ends with fees at all-time lows

Ether is facing downward pressure, potentially dropping to $1,200 as network activity and transaction fees hit all-time lows. Analysts highlight a bearish flag pattern suggesting further declines, reflecting dwindling demand for Ethereum.

Inflation trends for ETH are reversing from the previous deflationary phase post-Merge in September 2022, with growth rates now up to 0.76% annually. Expectations indicate a target price decline to $1,230, representing a significant 40% decrease from current levels.