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Ethereum’s Struggle: Price Hurdles, Declining Revenue, and Rising Competition

  • Ethereum faces resistance at $2,460, with a breakthrough potentially driving a rally toward $3,260.
  • Declining usage and revenue threaten Ethereum’s position, with competition from Layer 2 solutions and rival blockchains.
  • Strategic shifts, including gas limit changes, highlight Ethereum’s struggle to balance decentralization with efficiency.
  • Decreasing presence in the crypto ecosystem, lower fees, and increased efficiency of rival blockchains contribute to Ethereum's difficulties.

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