{"id":74849,"date":"2023-08-10T19:04:21","date_gmt":"2023-08-10T19:04:21","guid":{"rendered":"https:\/\/kryptodata.se\/why-the-ether-price-remains-below-1900-3-key-reasons\/"},"modified":"2023-08-10T19:04:21","modified_gmt":"2023-08-10T19:04:21","slug":"why-the-ether-price-remains-below-1900-3-key-reasons","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/why-the-ether-price-remains-below-1900-3-key-reasons\/","title":{"rendered":"Why the Ether price remains below $1,900: 3 key reasons"},"content":{"rendered":"
The recent stability in Ether’s price has left investors uncertain, despite positive developments such as PayPal’s Ethereum-based stablecoin and the surge in Ether-based ETF applications. PayPal’s entry into the crypto space could be a significant step towards mainstream adoption, but concerns about centralization and loss of control over personal assets remain. Additionally, there has been a decline in the total value locked on the Ethereum network, indicating a reduction in Ether deposits. The decrease in DApp activity and active users further raises concerns about the high transaction costs on the network. Derivatives metrics suggest a balanced demand between bulls and bears, with professional traders unable to adopt a bullish stance. The unveiling of Coinbase’s Base network could pose a challenge for Ether’s price to surpass the $1,900 mark. While there are bullish prospects for Ether, competition from other smart contract platforms and challengers introduces uncertainty around the $1,800 support level.<\/p>\n
Summary:<\/p>\n
– Ether’s price has been stable, causing uncertainty among investors<\/p>\n
– Positive developments include PayPal’s stablecoin and surge in ETF applications<\/p>\n
– Concerns about centralization and loss of control over personal assets with PayPal’s entry<\/p>\n
– Decline in total value locked on the Ethereum network<\/p>\n
– Decrease in DApp activity and active users due to high transaction costs<\/p>\n
– Derivatives metrics show balanced demand between bulls and bears<\/p>\n
– Unveiling of Coinbase’s Base network could pose a challenge for Ether’s price<\/p>\n
– Competition from other platforms introduces uncertainty around the $1,800 support level.<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n
PayPal\u2019s stablecoin announcement and a handful of Ether ETF applications are bulls\u2019 biggest hopes for a price trend reversal.<\/p>\n","protected":false},"author":1,"featured_media":74850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[17],"tags":[79,43,46,73],"class_list":["post-74849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-coinbase","tag-dapp","tag-ethereum","tag-stablecoin"],"yoast_head":"\n