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.

Last week’s preview made the case for an extended bull run due to the strong fundamentals underlying both ETH and the wider crypto market. Since then, we’ve seen many high-profile announcements of institutional crypto adoption taking awareness of crypto to new and unprecedented heights.

ETH price pulls back from its all time high as CME Group launches Ethereum futures contracts.

With celebrities beginning to jump on the cryptocurrency bandwagon, are we nearing a repeat of the 2017/18 market crash?

Our latest report covered the onset of a new stage of price discovery and adoption for ETH following an all-time high in price. ETH fundamentals continue to show strength as price hovers in the mid-$1,300 range. Let’s take a look at the factors and influencers playing a role in ETH price action.