Hey BTC enthusiasts! 🎉 Ether has been going through a rough patch lately, with its price dropping below $1,800 since early August. 😕 The bearish market has retail traders of Ether running for the hills! 🏃‍♂️

Glassnode's latest alert shows that Ether addresses with more than 1 ETH have significantly declined, hitting a three-month low of 1.74 million on September 25th. 📉 This indicates that retail investors are losing their appetite for wallets with modest Ether holdings. 😟

It's not just the 1 ETH holders feeling the heat; addresses holding over 10 ETH also reached a three-month low of 347.8k. Even addresses holding 0.1 ETH hit a five-month low of 5.12 million! 📉

This trend among small Ether addresses suggests a lack of confidence in the altcoin's short-term prospects, despite some minor opportunities for traders. 🤔

To add to the woes, Ether's transaction volume (7d MA) dropped to its lowest in eight months at $56.13 million. The Ethereum network's average transaction fee also hit its lowest point for the year, coinciding with a decrease in on-chain activity. 😢

Interestingly, this decline occurs as the supply of ETH shifts back to an inflationary phase. Let's keep an eye on Ether and hope for better days ahead! 🤞🚀