The Ethereum price rises with the approach of the encryption, what’s the following?

ETHEREUM price increased by 6 % over the past 24 hours, and the level of $ 2300, despite the weakening of decentralized financing measures.

according to Data From Defi Llama, in February, Ethereum (EthThe total closed value decreased to $ 50 billion from the peak of $ 71 billion in January. In addition, decentralized exchange volumes were decreased with the flow of capital to alternative environmental systems such as 2s and Solana (layer and Solana (Teller). DEX volume decreased from $ 92 billion in December to $ 82 billion in February, a 11 % decrease.

On the other hand, ETHEREUM network fees fell from $ 142 million in January to 46 million dollars in February, indicating a decrease in demand. Next Petra PromotedWhich is expected to enhance network functions and fee efficiency, may be a short -term incentive.

However, it is still unclear whether these promotions will be sufficient to stop the decrease in the Defi activity. Moreover, technical problems or delay may slow the momentum and maintain ETH within its current range.

On the technical side, Ethereum is still trading without critical resistance worth $ 2,846. Polyinger’s pressure indicates a possible outbreak. The relative power index at 41.40 indicates a modest momentum, although the upward strength may be confirmed by a step exceeding 50.

Despite the high prices, the low trading volume indicates a frequency between buyers. ETH requires strong resistance to pay for preservation gains, or risk another withdrawal. The decisive break, which exceeds $ 2846, may open the path to $ 2946, while failure to retain current levels may lead to a $ 2200 re -test.

Meanwhile, the feelings are still mixed before the White House encryption summit on March 7. Recently, US President Donald Trump suggested forming a national encoding strategy ReserveWith ETHEREUM between cryptocurrencies.

Although some believe that this is a sign of a possible reflection, analysts warn that if not access to sufficient regulatory clarification, then summit The “news sale” event may become a further decline.