This week, we’ll get into some of the successes and failures seen recently on Ethereum, as well as the more notable sales and sentiment factors of the past week.

Last week, we took a look at Ethereum’s punitively high gas costs and the increasing proportion of whale-controlled ETH supply, as well as the skyrocketing NFT market. For this week’s piece, we’ll follow up on those circumstances and examine regulatory factors that may also impact price.

Last week, we discussed the competition seen from competing networks as high traffic continues to present problems for Ethereum functionality. Today, we’ll examine Ethereum’s fundamentals, underlying price and the future growth of the network.

Today, we’ll look at major developments contributing to bullish fundamentals underlying ETH price, as well as reasons why BSC and Cardano do not, as of yet, pose a real threat to Ethereum.

Last week’s piece highlighted the competition Ethereum was facing from the BSC network, indicated by the rise in BNB price. Today, we’ll look at the factors underlying Ethereum price as well as other competitive networks.

Ethereum reaches peak congestion as users begin experimenting with other smart contract platforms and Nyan Cat NFT sells for $600K.