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Bayc98
@bayc98
Ethereum DApp volumes drop 33% in a week — Is more ETH price weakness ahead? Ethereum’s dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price? Ether has been trading within a narrow $230 range since Aug. 9, maintaining a solid support level at $2,550. However, this represents a 20% decline from three weeks ago, when ETH closed July above $3,300. This decline follows a broader contraction in cryptocurrency prices, but Ether is encountering specific challenges of its own. The Ethereum network’s decentralized applications (DApps) have seen a significant drop in activity over the past seven days.
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