Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it affects the layer-2 ecosystem. Traders are now questioning whether the current $2,250 support level will hold much longer.
On the positive side, Ethereum remains the dominant platform in terms of both activity and development, although competitors are gaining ground.
Top blockchains ranked by 7-day DApps volumes, USD. Source: DappRadar
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Author: Marcel Pechman
