Crypto market weakness persists, but Ethereum metrics hint at rally to $3.3K — TradingView News
Key takeaways:
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Ethereum reached 16.4 million weekly transactions, proving fees can stay below $0.20 during high demand.
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Decentralized exchange volume across the Ethereum ecosystem hit $26.8 billion, signaling a return of investor interest.
Ether (ETH) experienced a 15.9% price correction during the seven days ending Sunday. This volatility triggered $910 million in liquidations for bullish leveraged ETH positions, fueling fears that the $2,800 support level—which has held firm for two months—might finally break. Despite this dip in trader confidence, several onchain and derivatives metrics suggest a potential short-term rally back to $3,300.
Base layer fees are critical for determining demand for a native token, followed closely by…
