The circulating supply of Ethereum has increased over the past week, reaching levels not seen since February 2023 with an addition of 12,353 ETH, valued at over $39 million. This occurs amid declining demand, affecting ETH's performance.
The PoS network has seen a 4% drop in unique addresses completing transactions, reflecting a 1% decline in daily transactions. Ethereum's DeFi ecosystem's TVL also fell by 4%.
The bearish trend could see ETH's price fall below $3,000, though a surge in demand might push it back to $3,369.
Fuente: nl.beincrypto.com ↗