<ul><li>Ethereum (ETH) is underperforming in the cryptocurrency market, dropping 4% in the past 24 hours.</li><li>Decreasing network activity and weakening on-chain fundamentals are raising concerns over ETH's short-term outlook.</li><li>Recent analysis suggests Ethereum's underperformance is linked to declining fee economy and user activity, leading to inflationary pressures.</li><li>Technical analysts remain cautiously optimistic with the possibility of Ethereum rebounding if it holds the major support zone.</li></ul>

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

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