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

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EtherETHThe price of the ) lost $3,600 on Jan. 5, as the minutes of the Federal Reserve’s December Federal Open Market Committee meeting revealed that the Federal Reserve was determined to decrease its balance sheet and increase interest rates for 2022.

Even with that looming overhead, has problems of its own — more specifically, the ongoing $40 and higher average transaction fees. Vitalik Buterin announced that on Jan. 3, Vitalik Buterin had said: Ethereum should be lightweightIn terms of Blockchain Data, so more people can use and manage it.

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