16 hours ago

Ethereum Faces ‘Hyperinflation Hellscape’—Analyst Reveals Key On-Chain Insights

Ethereum (ETH) continues to underperform in the broader cryptocurrency market, currently trading just below $1,800 after falling 4% in the past 24 hours. Despite a strong start to the year, where the crypto market experienced bullish momentum, ETH has failed to sustain its upward trajectory. Since slipping below the $3,000 level, the asset has largely ranged downward and has now breached the $2,000 support zone, signaling weakening demand and sentiment. While Bitcoin and other major digital assets still managed to see some recovery efforts in recent weeks, Ethereum’s price decline has been accompanied by decreasing network activity and weakening on-chain fundamentals. This divergence has raised concerns over ETH’s short-term outlook and prompted a fresh analysis of the underlying causes driving the asset’s performance. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? Fee Decline and Network Inactivity Fuel Inflationary Pressures CryptoQuant analyst EgyHash recently published a report highlighting key on-chain metrics that suggest Ethereum’s current market weakness is closely tied to its declining fee economy and user activity. According to the report titled: “Why Ethereum Is Bleeding Value: Fee Crash Meets Hyperinflation Hellscape.” Ethereum’s network is experiencing its lowest levels of activity since 2020. Daily active addresses have declined steadily since early 2025, and average transaction fees have dropped to record lows. This reduction in activity has led to a sharp fall in Ethereum’s burn rate, a metric crucial in offsetting inflationary pressures following the network’s transition to proof-of-stake. Related Reading: Ethereum Price Approaches Resistance—Will It Smash Through? The Dencun upgrade, which was expected to enhance network efficiency, has coincided with an extended period of low transaction volumes, further reducing fee income and contributing to higher net ETH issuance. EgyHash concludes that the confluence of weak network engagement, reduced burn rate, and high token inflation is central to Ethereum’s declining valuation. Why Ethereum Is Bleeding Value “Ethereum’s recent underperformance can be largely attributed to diminished network activity, as evidenced by declining active addresses and reduced transaction fees.” – By @EgyHashX pic.twitter.com/fgQJYCrOIn — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Ethereum Technical Outlook Signals Potential Support Despite on-chain headwinds, some technical analysts maintain a cautiously optimistic view. Trader Courage, a technical analyst on X, noted that Ethereum is currently testing a major support zone and could rebound toward the upper resistance of its current trading range. $ETH / #ETH 1H chart ???? Back at the green support line. Looks like we could be heading towards the top of the range. Key levels are on the chart.#Ethereum pic.twitter.com/rRX8b3b6nW — Trader Courage ???? (@CryptoCourage1) April 3, 2025 Another market analyst, CryptoElite, shared a long-term ascending trendline that ETH has respected historically. Based on this trend, the analyst believes ETH could still have the potential to rally to $10,000 later in the year, provided broader market conditions improve. Featured image created with DALL-E, Chart from TradingView

NewsBTC

You can visit the page to read the article.
Source: NewsBTC

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Navigate the Markets with Confidence: OnEquity’s Comprehensive Trader Glossary

The post Navigate the Markets with Confidence: OnEquity’s Comprehensive Trader Glossary appeared first on Coinpedia Fintech News March 2025 – In the dynamic world of trading, a solid understanding of key terms and concepts is essential for success. OnEquity recognizes this need and is proud to offer its comprehensive Trader Glossary, a vital resource designed to empower traders of all levels with the knowledge they need to navigate the markets with confidence. This expertly curated glossary provides clear, concise definitions of hundreds of trading terms, from basic concepts to advanced strategies, ensuring that you’re always in the know. Unlock the Language of Trading: Demystify Complex Terminology: Trading can often feel like learning a new language. OnEquity’s Trader Glossary breaks down complex terminology into easy-to-understand definitions, helping you grasp essential concepts quickly and efficiently. Whether you’re a novice trader or an experienced professional, this glossary will serve as your go-to reference for decoding the language of the markets. Master Key Trading Concepts: Go beyond simple definitions and delve deeper into the core concepts that drive the financial markets. OnEquity’s glossary provides insightful explanations of key trading concepts, such as leverage, margin, volatility, and risk management, enabling you to make informed decisions and develop effective trading strategies. Stay Ahead of the Curve: The world of trading is constantly evolving, with new terms and strategies emerging all the time. OnEquity’s Trader Glossary is regularly updated to reflect the latest trends and developments, ensuring that you always have access to the most current and relevant information. Stay ahead of the curve and maintain a competitive edge with this dynamic and ever-expanding resource. Enhance Your Trading Education: OnEquity’s Trader Glossary is an invaluable tool for enhancing your overall trading education. Use it in conjunction with our other educational resources, such as articles, webinars, and tutorials, to build a solid foundation of knowledge and develop a comprehensive understanding of the financial markets. Access it Anytime, Anywhere: The OnEquity Trader Glossary is readily accessible online, allowing you to look up terms and concepts whenever and wherever you need them. Whether you’re at your desk, on the go, or trading from your mobile device, you can count on our glossary to provide you with the information you need to succeed. Visit the glossary now: OnEquity Trader Glossary Empower Your Trading Journey with Knowledge! OnEquity’s Trader Glossary is more than just a list of definitions; it’s a gateway to a deeper understanding of the financial markets and a crucial step towards achieving your trading goals. Empower yourself with knowledge, navigate the markets with confidence, and unlock your full trading potential with OnEquity’s comprehensive Trader Glossary. Explore OnEquity’s Hub today: OnEquity Trader Tools . NewsBTC

Ripple to pilot RLUSD for drought relief in Kenya

Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya. The announcement comes just days after Ripple integrated the Ripple USD ( RLUSD ) stablecoin in its payments solution. Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative. The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities,Team Ripple noted. As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand its impact in cross-border payments, an effort expected to accelerate with the rollout of RLUSD. As with other blockchain-based projects, the use of stablecoins is aimed at improving transparency, settlement speed, and access for the unbanked. Read more: Ripple merges RLUSD into payments platform to expand utility According to Ripple, the pilot program will demonstrate how blockchain and stablecoins can improve the delivery of aid and insurance. The trial will use RLUSD on the Ethereum ( ETH ) network. The RLUSD pool for the program will be open to public contributions, with anyone able to donate by connecting a wallet. Smart contracts will hold the funds in escrow, and automatically send RLUSD to those impacted by drought. However, this will only go into action once satellite tracking detects drought triggers- with the pilot targeting automated payouts should the system detect drought conditions by May 31, 2025. If the system determines that pastoralists are likely to face a shortage of vegetation for their livestock, each participant will receive $75 (around 9,600 Kenyan shillings) in RLUSD. Organizers say this amount is sufficient to purchase food and water for one animal for six months. Roughly 533 pastoralists in Kenya’s Laikipia County are expected to benefit from the aid. Ripple plans to publish the results of the pilot later this summer. Fund contributors will also have the option to withdraw their RLUSD or allocate it to future campaigns. You might also like: Kenya preparing to legalize crypto: report NewsBTC