Ethereum ($ETH) is the second-largest cryptocurrency, powering DeFi, NFTs, and smart contracts. It is transitioning to a more scalable ecosystem with Layer 2 solutions and ongoing upgrades. Key Factors Affecting ETH Price & Market Trends 1. On-Chain Activity & Gas Fees High gas fees → Increased ETH demand (for transactions) & more ETH burns (EIP-1559). Lower gas fees → More adoption but reduced fee-based ETH burning.
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$ETH Ethereum ($ETH) Overview & Market Insights
Ethereum ($ETH) is the second-largest cryptocurrency, powering DeFi, NFTs, and smart contracts. It is transitioning to a more scalable ecosystem with Layer 2 solutions and ongoing upgrades.
Key Factors Affecting ETH Price & Market Trends
1. On-Chain Activity & Gas Fees
High gas fees → Increased ETH demand (for transactions) & more ETH burns (EIP-1559).
Lower gas fees → More adoption but reduced fee-based ETH burning.