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View submission: Ethereum needs more blockchain activity, adoption, to recapture $4K
tldr; Ethereum needs increased blockchain activity, new use cases, and collaboration with public and private sectors to regain investor confidence and reach its previous all-time high, according to analysts. Ether has been in a downtrend, falling below $4,000 and trading at $3,260. To reverse this, Ethereum must enhance its fundamental blockchain activity and potentially collaborate with entities like the US government. Analysts also note a surge in Ether options trading volume, indicating a potential market recovery, but Ether must first reclaim $3,400 to aim for higher prices.
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