Ethereum Faces Challenges as Price Hovers Near $1,875
Ethereum is struggling to regain the $1,900 mark. Several factors are weighing on its price. The network’s total value locked has dropped from $63 billion in January to $44 billion in February, according to DefiLlama data. This decline is due to reduced liquidity and investor participation.
Stablecoin inflows have slowed, indicating less capital moving into Ethereum protocols. Decentralized exchange trading volumes have also decreased, falling from $92 billion in December to $82 billion in February. Other chains like Hyperliquid and solana are gaining ground in perpetual futures trading, while Ethereum’s volume has dropped from $31 billion to $
