Ethereum price stabilizes at $3.2K: Will traders change resistance to support?

Ethereum is trading at 3,215 USD, having faced challenges in maintaining prices above 3,300 USD in recent weeks.

Economic uncertainty in the U.S. And waning DApp activity are critical factors stifling growth and price advancements for Ethereum.

Despite Ethereum’s leading status in total value locked, cheaper competitor blockchains and reduced DEX volumes are impacting its market viability.