đ **Ether's Rollercoaster: Bulls, Bears, and Layer-2 Flares!**
- Ether (ETH) took a thrilling 16.2% ride up on Aug. 8 but hit a speed bump at $2,700. Despite this, ETH is still revving its engines for more gains, thanks to a favorable economic backdrop and bustling Ethereum network activity.
- Some say spot Ether ETF outflows are holding ETH back, but Grayscaleâs ETHE outflows hit a record low of $20M on Aug. 8. Could this be the turning point?
- Traditional finance folks are optimistic about the Fed cutting rates in 2024, which could boost risk markets like crypto.
- Ethereum network is on fire with a 55% surge in DApp activity, led by Uniswap, 1inch, and CoW Swap. Ethereumâs DEX dominance remains unchallenged with $21B in volume.
- Layer-2 solutions are crushing it, hitting an all-time high of 318 transactions per second on Aug. 7. These second-layer champs are making Ethereum faster and cheaper.
Buckle up, ETH might just be gearing up for a $3,000 comeback! đ