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Home»Ethereum»Ethereum DApps are thriving with $1B in fees, but what about ETH’s price?
Ethereum

Ethereum DApps are thriving with $1B in fees, but what about ETH’s price?

April 7, 2025No Comments5 Mins Read
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Ethereum’s DApps had a stellar performance in Q1 2025, generating a whopping $1.01 billion in fees. This impressive figure highlights the robustness of the network’s ecosystem, despite Ethereum’s lackluster performance during the same period. However, beneath this success lies a subtle shift that could potentially signal investor concerns about ETH’s long-term prospects.

A billion-dollar quarter for DApps, but Ethereum still lags behind

While Ethereum’s DApps managed to rake in over $1 billion in application fees, the price of ETH itself has been struggling. Between January and April, ETH experienced a significant 41.63% drop, underperforming both Bitcoin and the S&P 500. This disconnect between network utility and token price raises questions about the market’s perception of Ethereum’s value as a capital asset. In comparison, Bitcoin appears to be holding steady, further fueling speculation that Ethereum may be losing its position as the market’s second most trusted asset.

Ethereum – Whales retreat, retail weakens

The decline in Ethereum’s price is mirrored by a decrease in both whale and retail network activity. The number of addresses holding over 10,000 ETH dropped by nearly 10% since mid-February, signaling a lack of interest or a shift in investment strategy among deep-pocketed investors. Additionally, daily active addresses have been steadily declining, with a sharp drop in early April, now hovering around 205,000. This combination of fading whale confidence and dwindling grassroots usage paints a concerning picture for Ethereum’s on-chain activity heading into Q2.

Ethereum’s price outlook

At the time of writing, Ethereum’s price had fallen to $1,513, marking a 4.17% drop and extending its downward trend. The RSI indicator plunged to 26.45, indicating oversold conditions and intense selling pressure. The MACD histogram also flashed negative, confirming bearish momentum. With no clear signs of a bullish reversal, unless ETH finds support above $1,480, the next significant support level could be around $1,300.

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In conclusion, Ethereum’s DApps may be flourishing, but the cryptocurrency itself is facing challenges in terms of price performance and investor sentiment. The decline in whale and retail activity, coupled with the bearish price outlook, suggests that Ethereum may be in for a rough ride in the coming months. Investors and users alike will be closely watching how the network navigates these challenges and whether it can regain its footing in the market. title: “The Benefits of Incorporating Yoga into Your Daily Routine”

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