3 Reasons Why Ethereum (ETH) Price Almost Broke $2.5K Resistance This Week

Ether overvoltage has A 19 months high has has been powered by THE anticipation of A network upgrade, A recent proposal Since Vitalik Buterin And increase DApp use.

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Ether (ETH), THE native token of THE Ethereum network, has resurrected by 5.5% Since Dec. 27, even However he failed has to break above THE $2,400 resistance. Traders are NOW examination What has has been conduct THE price of Ether up And if these factors stay of importance.

Ether price reached A 19 months high as traders anticipate A rally above $2,500

THE intraday high of $2,446 on Dec. 28 was last seen on 19 month There is. This increase occurred while THE wider cryptocurrency walk capitalization stayed flat has $1.68 trillion. This suggests that Ether price could continue It is bullish momentum towards $2,500, despite THE average transaction costs exceeding $5. While This can not seem excessive, he can be hard For most decentralized application (Dapp) users.

A can easily autumn For THE stories that in competition Chains are earn relevance as reviews claim that THE Ethereum network has failed due has It is limit ability For scaling And confidentiality solutions has THE base layer level. This negative conversations has has been increase by THE recent outperformance of Solana (GROUND) And BNB (BNB), which to have won 78% And 44%, respectively, In THE pass 30 days. As A example, A experimented Solana ecosystem developer, Matty Taylor, job about This issue on X social network.

A few Info For anybody push THE narrative that Ethereum East best positioned has become THE RWA/institutional string:

TradFi establishments are even more sensitive that memecoin traders has costs, speed & generally below performance.

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