Ethereum is the world’s second-largest blockchain platform, enabling the creation of decentralized applications (dApps) and the execution of smart contracts. It forms the foundation of the Web3 ecosystem, powering DeFi, NFT, and on-chain finance. The network’s upcoming “Fusaka” upgrade aims to enhance transaction efficiency and overall network performance.
Ethereum (ETH) has declined %3.56 in the past 24 hours, despite limited late-session buying that partially offset earlier losses.
According to CoinDesk, Ethereum’s price fell from $3,921 to $3,731 on October 30 before rebounding to around $3,770 amid moderate buying. Despite higher trading volume, cautious investor sentiment and Fed Chair Powell’s comment that a December rate cut is “not guaranteed” may have contributed to continued pressure on ETH’s price.
