The Ethereum network has been experiencing reduced activity, leading to concerns among investors about the potential for price growth. This decrease in activity is compounded by broader worries regarding the state of the global economy. These factors are contributing to Ethereum's price lagging behind Bitcoin and other altcoins.
Despite these challenges, market analysts are evaluating the possibility of a price rally. A key question being considered is whether Ethereum can rebound and reach a target price of $2,600. Such a rally would require increased network activity and improved economic conditions.
