Despite being considered extremely expensive, the Ethereum block chain It has remained one of the main networks in the dynamic world of cryptocurrencies. However, the leading block chain has undergone an important change since its general transaction rates collapsed significantly to the levels not seen in the years.
Total transaction rates at the lowest level in years
While the cryptographic sector is shaken by volatility, Ethereum He has received a success due to recent developments with respect to the general network transaction rates. Over time, ETH gas rates have hindered user activity due to the high cost, which makes use difficult.
Recent reports from Crypto Miners, a Binance affiliate, reveal That use of the Ethereum network has slowed down, indicating a moderate demand of block space. While lower rates reflect the decreasing demand, it also implies slowing down the impulse in the eth ecosystem.
Cryptographic miners declared that ETH transaction rates They have fallen to their lowest level since 2020, marking a minimum of four years. This fall in transaction rates coincides with a decrease in the activity in the chain and indications that the congestion of the entire ecosystem is decreasing. Development could affect user participation, defi activity and NFT transactions, especially validates that depend on the block chain.
Using Intotheblock data, a market intelligence platform and a chain platform, cryptographic miners stressed that rates decreased by around 60% in the first quarter of 2025, falling to only $ 208 million for April 4.
According to the platform, a notable factor in the acute fall is the appearance of layer 2 solutions, particularly base, and the Dencun update, which greatly reduced the cost of the scale layers. Currently, the Layer pack 2 It is now being directed only by the base, which processes more than 80 years per second (TPS), cementing its position in space.
During this demand period of weak network, the price of Ethereum has also drastically collapsed to previous support levels. As reported by Crypto Mines, the alternativeThe price of the day fell by approximately 45% in the first quarter of 2025, marking its worst performance of the first quarter since 2022.
The ETH/BTC torque shows further weak performance, falling to a minimum of 5 years. However, large investors, often called whales, do not deter and have gathered ETH below the level of $ 1,800 in a sample of support.
Following important for ETH price setback
As volatility intensifies, a chain analyst called Mac_D has identified crucial price levels for ETH. In the quick shot mail On the Crytoquant platform, the expert stressed that the average cost base of Ethereum holders (price) is positioned at $ 2,200. From this, it seems that most ETH holders are currently losing money.
Meanwhile, the average cost base of whales Maintain more than 100,000 ETH is $ 1,290, which is the next main support level for the Altcoin. If Ethereum falls below this level, Mac_D believes that it might not fall below $ 870. During the moon crisis in June 2022, this level remained firm, Forming a bass for eth and pointing a rebound.
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