Is Ethereum dead? Chart shows the key ETH price to watch

The price of ETHEREUM was under pressure this year, as it decreased by 56 % of the highest level in November.

ETHEREUM (ETH) was the worst compared to the highest encrypted currencies like Bitcoin (BTC) and Solana (SOL). In fact, Ethereum fell to the lowest level in a record against Sol, hovering at its lowest level in 2020 against BTC.

This performance led some investors and analysts to ask whether Ethereum had died. In a video on YouTube on Thursday, Charles Hoskinson, the founder of Cardano (ADA), expected that Ethereum would not be in the next 15 years.

He pointed to the growth of layer -2 networks such as al -Qaeda, Optimism, Irrigation and the Malez, which continued to obtain its share in the market. These chains have largely seized Ethereum users, a series known as slow speeds and high transaction costs.

However, taking a closer look at the upper network data reveals that ETHEREUM is far from heading to its disappearance. The decentralized stock exchange protocols have been more than $ 57 billion in size over the past thirty days, making it the second largest series after Solana, whose protocols dealt 61.3 billion dollars in the same period.

Ethereum is also the largest chain in terms of the total closed value. It has $ 107 billion, TVL, which gives it the market share of 57 %. Stablecoin market value of $ 124 billion represents a 51 % market share. The largest series in the distinctive unbounded symbol is still explosive.

In addition, Santiment data shows that the number of ETHEREUM holders continues to rise. She now has more than 144.8 million pregnant women, an increase of 130 million in October last year. Moreover, the average age invested for five years has increased to 658, indicating that older holders are not selling.

ETHEREUM Technical Analysis: 2150 dollars is the main price for watching

The daily graph shows that the price of the ETH was backed after the bottom at $ 1,383 earlier this month. It has turned to $ 1787, its highest level since April 6.

The currency moved over the upper borders of the falling canal, which was formed since last November. He also jumped over the moving average for 25 days and formed a small style of bullish science.

The wonderful oscillator is about to move over the zero line. He finally jumped over this level in November, which led to a 40 % jump.

Therefore, the main ETHEREUM price level for viewing will be $ 2,150, which is the lowest point in August and September last year. A break above this level will increase the gains, and perhaps to $ 3000. Failure to move is higher than this level is risky because it will indicate a break and restoration pattern, indicating more negative side.