ETH price struggles as Solana, Tron, and Hyperliquid gain ground. What is needed to lure traders back to Ethereum?
Ether (ETH) price fell below $2,200 on March 9 and has struggled to recover since. The altcoin is down 14% in March and the decline has hurt investor sentiment, especially as the broader crypto market only dropped 4% in the same period.
Adding to the bearish sentiment, traders are also worried about further ETH price corrections after a 34% weekly drop in decentralized exchange (DEX) activity on the Ethereum network.
Blockchains ranked by 7-day DEX volumes, USD. Source: DefiLlama
