The atherium value increased by 6% in the last 24 hours, rebuating the level of $ 2,300 despite weakening the decentralized finance matrix.
As data From the Defee Lama, in February, the Atherium’s (Ath) total value was locked, falling to $ 50 billion from a $ 71 billion summit in January. Additionally, decentralized exchange volumes are declining as capital flows in alternative ecosystems such as layer 2S and solana (soul). Dex volume fell from $ 92 billion to $ 82 billion in December in December, 11% drop.
On the other hand, the Etreum network fee, declined from $ 142 million in January to barely increased to $ 46 million in February, indicating a decline in demand. The upcoming pectra upgrade, which is expected to increase network functionality and duty efficiency, may be a short -term catalyst.
However, it is still not clear whether this upgrade will be sufficient to prevent the decline in DEFI activity. In addition, technical issues or delays can slow down speed and maintain ETH within its current range.
In the technical side, Etreum is still trading below $ 2,846 significant resistance. A squeeze in the Bollinger band suggests a possible breakout. The relative power index on 41.40 indicates a slight speed, although the strength of a step above 50 can be confirmed.
Despite the price increase, low trading volume suggest hesitation between buyers. ETH requires a strong push for a strong push to maintain profit, or it puts another pullback at risk. A decisive brake above $ 2,846 can open a passage of $ 2,946, while failure to hold current levels can lead to support of $ 2,200.
Meanwhile, ahead of the White House Crypto Summit on 7 March, the spirit remains mixed. Recently, US President Donald Trump proposed the formation of a National Crypto Strategic Reserve, with the atherium cryptocurrency.
Although something sees it as a sign of a potentially upsurge, analysts take care that if adequate regulatory clarification has not reached, the summit “cell-a-news” may become a phenomenon and lead to further decline.
