๐ **ETH: The Rollercoaster Ride Continues! ๐ข**
Ether (ETH) has been on a wild ride, trading within a narrow $230 range since Aug. 9, holding strong at $2,550. But let's not forget, itโs down 20% from its July high of $3,300. The crypto marketโs been a bit like a soap opera lately, with ETH facing its own drama.
- **Spot Ether ETFs:** Not the heroes we hoped for. Since Aug. 9, they've seen $30 million in net outflows. Ouch!
- **DApps Drama:** Ethereum's decentralized apps have seen a drop in activity. Uniswap, Ethereum's top DApp, had 114,180 active addresses last week, while Solana's Pump.fun had 225,110. Talk about sibling rivalry!
Despite the hiccups, Ethereum's layer-2 solutions are buzzing, hitting a record 348 transactions per second on Aug. 17. Plus, Ethereum's total value locked (TVL) grew by 9% in 30 days, reaching ETH 18.6 million on Aug. 18. ๐
Is ETH gearing up for a comeback? Share your thoughts in the comments! ๐ฌ
*Disclaimer: Not financial advice. Do your own research.*