$ETH is facing serious issues in terms of a proper reaction to the network's growth, here's how it can cause trouble
At press time, Ethereum is trading at $1,700, down from its all-time high of around $4,300 in May 2021. This is a considerable drop, and it suggests that there is a lack of investor interest in Ethereum despite its strong fundamental growth. is facing is the issue of high gas fees.
This has been a persistent problem for Ethereum users, particularly in the DeFi space. With high gas fees, it becomes more expensive to transact on the Ethereum network, which can be a deterrent for users and limit the growth of the network, despite the most recent steps developers have taken to increase the network's scalability.
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