Recent fall in the rate Ethereum (ETH) below $2500 has left investors with legitimate concerns about the cryptocurrency's future.
On October 10, the price of Ethereum began to rise and by last Sunday it had increased by almost 19%. However, on Monday, a dump began, as a result of which the coin fell in price by more than 11% and lost some of the gained positions. In addition, during the bearish trend, the digital asset rate fell far below the ascending trend line and reached the bottom at $2450.
Course fall Ethereum October 21-23
However, many ETH owners are in a despondent mood not so much because of the coin's decline in value, but because of the underdog position it has taken. The fact is that over the past 30 days, the cryptocurrency's capitalization has grown by 2%, while the value of issued ethers, on the contrary, fell by 6%. This means that ETH is among the digital assets that are failing to attract capital.
The main reasons for the negative trend in the market Ethereum are:
- High fees for executing transactions on the ETH blockchain, sometimes exceeding $ 13;
- 13% decrease in trading volume on decentralized exchanges for coins issued on the network Ethereum ;
- Reducing the amount of staked ETH by 5%.
- Increase in numbers Ethereum in circulation.
If the developers do not solve the problem associated with excessively high transaction processing fees, then Ethereum It is unlikely that he will be able to get out of the hole. Vitalik Buterin рассказал about an upcoming update called The Surge, which is designed to increase the performance of the ETH blockchain by hundreds of times, but it is not yet known how this will affect the size of the commission.
