Part 10/14:
Ethereum’s Position: Ups and Downs
Despite a recent spike pushing ETH to $2,700, prices quickly retreated to $2,100–$2,200. The overall trend remains downward, with ongoing headwinds like network activity migrating to other chains and the proliferation of layer 2s.
Moreover, Ethereum’s outflow to other chains—notably Salana and Arbitrum—is increasing. Data shows that 60% of ETH outflows go back into ETH, but sizable volumes also flow into Solana. The Arbitrum vs. Solana flow pattern indicates strong migration of assets, emphasizing a multi-chain environment.