Ethereum (ETH) path depends on $ 2.5 thousand on 3 main factors

Ether (EthThe price regained $ 2000 on March 24, but it is still 18 % less than the level of $ 2,500 seen three weeks ago. Data shows that ETHER has led to a 14 % weak altcoin market over the past thirty days, prompting merchants to ask whether Altcoin can regain up the upscale momentum and any factors that may push the reflection of the direction.

The ether appears to be in a good position to attract institutional demand and significantly reduce FUD, which has restricted its upscale capabilities. Critics have long argued that the ethereum ecological system fails to competitors in the total user experience and still provides a limited capacity for the basic layer, which negatively affected network fees and transaction efficiency.

Will Ethereum Pectra affect the ETH price upgrade?

It is expected to address many challenges of the ETHEREUM network next PECTRA network upgradeThe scheduled in late April or early June. Among the proposed changes is double the data that can be included in each block, which would help reduce fees for calm and privacy mechanisms. In addition, the cost of contact data will increase, encouraging developers to adopt points – a more efficient way to store data.

Another noticeable improvement in the upcoming upgrade is Introduction to smart accountsWhich allows the governor to work like smart contracts during transactions. This allows sponsorship of gas fees, a traffic key authentication, and payment transactions. In addition, many other improvements focus on improving deposits and clouds, providing greater flexibility, and expanding the history of the mass for smart contracts that depend on previous data.

Arthur Hayes, co -founder of Bitmex, set a $ 5,000 targeted price for ETH on March 25, saying that he should greatly outperform the opponent Solana (Teller).

Regardless of the logical basis behind Arthur’s predictions, ETH options traders do not share the same upward feelings. The option to call September 26 (purchase) with the cost of the strike price of only $ 5,000 $ 35.40, which means very low possibilities. However, Ethereum is still the undisputed pioneer in the deposits of the smart contract and is the only altcoin with a Al -Baqa exchange exchange boxes (ETF) in the United States, currently holds $ 8.9 billion of management assets.

ETHEREUM TVL growth and reduce ETH supplies on stock exchanges

The ETHEREUM network has a closed total value (TVL) of $ 52.5 billion, greatly exceeding $ 7 billion from Solana. More importantly, deposits on ETHEREUM have grown by 10 % over the past thirty days, reaching 25.4 million ETH, while Solana witnessed a decrease of 8 % during the same period. The prominent points include ETHEREUM SKY (former maker), which witnessed a 17 % increase in deposits, and Ethina, which rose 38 % in 30 days.

Ether supplies on stock exchanges reached 16.9 million ETH on March 25, with only 3.5 % higher than their lowest level in five years of 16.32 million ETH, according to Glassnode data. This trend indicates that investors withdraw from the stock exchanges, indicating the long -term capital commitment. Likewise, the flows to ETHER ETAR were relatively silent on March 24 and March 25, unlike $ 316 million in the net outflows that accumulated since March 10.

Related to: Ethereum Devs Final Pectra Test Preparation before MainNET

Finally, the Ethereum network is gaining momentum in the real asset industry (RWA), especially yet Blackrock Building Fund It exceeded $ 1.5 billion in value. The ethereum ecological system, including the expansion of layer 2, represents more than 80 % of this market, according to RWA.XYZ data, which confirms Ethereum dominance in the decentral financing space (Defi).

The price of ETHER is less than $ 1900 on March 10 is likely to reflect excessive expectations. However, it seems that the tide has shifted as Ethereum has shown flexibility, and traders continued to withdraw from the stock exchanges, controlling a potential gathering stage of about $ 2,500.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.