Ethereum (ETH) reached $2700 on October 30, but by October 31 it fell to $2550. A similar situation occurred with Bitcoin (BTC), which lost 4% from its peak of $73,575.

📉 Traders are speculating on what is needed for Ethereum to return to $3000. Possible factors include a reduction in transaction fees, more institutional investments, and improved staking incentives for ETH.

Ethereum is losing market share to Solana in DApp transaction volumes. However, Ethereum maintains its lead in DeFi applications and total value locked (TVL).

Despite $116 billion in DApp volume over 30 days, transaction fees remain high, and staking rewards for ETH are lower than those of competitors. This has led to a net withdrawal of 180,000 ETH from staking.

Ethereum developers are working on improvements such as EIP-7742 and the upcoming Pectra upgrade to increase block size and reduce transaction costs.

For sustainable ETH price growth, significant changes in network structure and institutional support are needed, which are currently hindered by strict SEC policies.