Alarm bells are ringing in Ethereum (ETH): Watch out for altcoins!

The staking income in Ethereum (ETH) has fallen by 30 percent since March, causing panic among investors.

The decline in Ethereum's staker income has created fear. The income in staked ETHs fell to a total of $174 million in September. The staking income in March had reached $247 million. In addition, the downward trend in the ETH/BTC chart for months and the failure of spot Ethereum ETFs to meet expectations have disappointed crypto investors. Investors waiting in altcoins in particular are not happy with the direction of Ethereum.

Staker income has been gradually decreasing since March, and this decrease reflects the decreasing interest in Ethereum. The $174 million staker income in September overshadowed the $35.5 million earned from transaction fees.

The number of validators continues to increase despite the decrease in income. Ethereum now has 1.09 million validators, indicating increasing participation in the security of the network. This increase in the number of validators comes even as individual rewards are decreasing, indicating continued belief in the long-term prospects of ETH.

Ethereum, which is currently performing weaker than Bitcoin, may soon come to the fore. The fact that the ETH/BTC chart is approaching a breakout and Bitcoin dominance is in the resistance zone are among the critical factors that could increase the inflow of money into ETH. Altcoin investors should especially keep these two factors in mind.

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