Stock Groups

A key Ethereum price metric hits a 6 month low as ETH falls below $3K -Breaking

[ad_1]

© Reuters

EtherETH() The price of the sand fell below $3,600 on Jan. 5. Minutes from December FOMC meetings showed that the Federal Reserve is committed to decreasing its balance sheets and raising interest rates by 2022.

Ether faces problems even with all that overhead. More specifically the $40 transaction fee and its ongoing higher fees. The 3rd of January Vitalik ButerinIt is important to make blockchain data lighter so more people are able to use and manage it.

Coinbase: USD price for Ether TradingView
Total value of Ethereum network, USD Source: DefiLlama
Futures Ether: 3-month premium annualized Source: Laevitas