OKX market data shows that the price of Ethereum (ETH) fell below 3,300 USDT and is currently at 3,286 USDT, a drop of 2.15% in 24 hours. This price fluctuation has attracted widespread attention in the market, and investors have begun to re-evaluate their investment strategies. On-chain data analysis shows that the recent decline in transaction activity on the Ethereum network may be one of the factors leading to the price decline. In addition, market sentiment indicators also show that investors' confidence in short-term market trends has weakened. Overall, despite the decline in Ethereum prices, its long-term development potential is still optimistic among industry insiders.