Ethereum (ETHUSD) Dives as Slumping Network Fees and TVL Trigger Massive Selloff

The Story

News Summary

BitMine stock has crashed to $15.70 due to massive unrealized losses on its Ethereum holdings.
As Ethereum’s fundamentals and technicals deteriorate—including plunging active addresses, fees, and DeFi TVL—the cryptocurrency faces further downside risk toward $1,500, prompting backers to sell.

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