Ethereum Fundamentals Appear Solid, But Analysts Anticipate Future Price Declines


Ethereum has never been in better health fundamentally. The ETH price movement has not reflected this.

Since the Ethereum Merge occurred 100 days ago, the network has grown more ecologically friendly and robust.

Proof-of-stake consensus approach has replaced proof-of-work mining. This has decreased network energy use by more than 99 percent.

ETH developer “superphiz” responded to the story on December 25, noting, “We just did the right thing.”

According to, there are presently 15,7 million ETH staked, which is around 13 percent of the entire supply. At current pricing, its worth is around $19.2 billion.

Additionally, the Ethereum network presently has more than 490,000 active validators. Due to extreme weather conditions and strain on electrical systems in the United States, Bitcoin’s hash rate plummeted. This problem no longer affects Ethereum.

Staking is not the only bullish Ethereum fundamental. It is also the premier NFT ecosystem in the world. In 2022, according to Nansen, $23.7 billion worth of NFTs were issued and exchanged on Ethereum.

In addition, it dwarfs the second-largest NFT ecosystem, Solana. In terms of NFT activity, other so-called “Ethereum killers” like as Cardano and Polkadot are incomparable to Ethereum.

Also Read: NFT Creators Seeking Royalties Face Difficult Odds

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