Ethereum holders push back amid the bear market and declining revenue

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Ethereum witnessed declining revenue per core developer Despite this, retail investors and validators continued to support Ethereum According to a tweet by Token Terminal on 11 December, the amount of Ethereum [ETH] revenue per developer had declined significantly since the beginning of the bull market. With ETH facing increasing volatility after the Merge, declining revenue […]

From the image below, it can be seen that despite Ethereum’s growing prices, the daily transaction volume in profit decreased.

This indicated that even though many Ethereum holders had a chance to benefit from this recent rally, they decided not to sell and held on to the altcoin. Additionally, whale interest surrounding Ethereum grew over the last few days, according to Santiment.Even though there is a lot of volatility surrounding the crypto market, it appears that the crypto community stood in favor of holding on to theirSubscribe to get it daily in your inbox.

 

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