ETH Gas Fees are at an all time low, at 0.8 gwei, which shows that ETH activity is extremely low, meaning projects are leaving or ceasing to operate on the network. Users are gradually losing faith in developers.

Furthermore, ETH inflation is increasing, doubling the amount of ETH tokens burned.

With the upgrade to layer 2, developers have made the network much faster and cheaper, but that has also reduced its value. Unlike before, ETH was very expensive to use, users will have to pay a very high fee, plus to create ETH, miners have to invest a lot in hardware and energy, making ETH have real value. Now the real value of ETH is almost zero and that is why ETH price cannot set new ATH and price performance is gradually falling behind other tokens especially compared to BTC, BNB and main competitor Solana, ETH has lost about 12% of its value in the past week compared to other coins, and of course further price drop is inevitable. Many analysts are saying ETH is “dying” which is really unfortunate. $ETH