ETH DETAILED analysis.
Why ETH is dropping and why not recovering Fast.?
Why whales sold 143000 ETH?
Like old times when BTC was at 30000 to 50000 range then ETH was at a good price too but after BTC made all time high, ETH is dropping and dropping Continuously.
What are the reasons?? Ethereum (ETH) was hot cake back in 2021 till 2024.
Let's break it down:
Concerns
1. *High transaction fees*: Yes, Ethereum's gas fees can be expensive, especially during peak usage.
2. *Alternatives*: There are indeed other blockchain platforms that offer similar functionality, such as Binance Smart Chain, Polygon, Solana, and more.
3. *Founder's involvement*: Vitalik Buterin, Ethereum's founder, is ahowing not actively involved in the project's development and research and lack of interest by team. No major updates.
4. *Developer sales*: While some Ethereum developers may have sold their ETH, it's not uncommon for developers to sell their tokens after contributing to a project.
5. *Supply*: Main thing..... Unlimited supply.
BTC has only 21 Million BTC coins in their lifetime but Ethereum's supply is indeed uncapped, which can lead to inflationary pressure.
Other projects with solid Fundamentals often give 3x to 10x in the last few years but ETH didn't make All time high since 2021.
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