Investment
Features
FeesSafety
Academy
More
Pluang+

Ethereum struggles below $2,400 as ecosystem activity drops and rivals gain ground

Market News
09 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Ethereum has been unable to break above the $2,400 resistance for nearly three months, showing weak bullish momentum and underperforming the broader crypto market with a 21% yearly decline. Key ecosystem indicators reveal a 53% drop in decentralized exchange volume and a 49% fall in DApp revenue over six months, signaling reduced user engagement and transaction activity. Meanwhile, competitors like Solana and Hyperliquid are capturing about 42% of total DApp revenue, reflecting a shift in market dynamics. The future of Ethereum depends on whether it can revive ecosystem activity or continue losing ground to faster, more efficient blockchains.

More News (ETH)

Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...

Market News
Neutral
4 hours ago
Arthur Hayes buys $3.7M in Ethereum after selling 6,000 ETH at a loss weeks earlier.

Arthur Hayes buys $3.7M in Ethereum after selling 6,000 ETH at a loss weeks earlier.

Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...

Market News
Bullish
5 hours ago
Ethereum nears $2,217 as it breaks key resistance and shows strong bullish momentum.

Ethereum nears $2,217 as it breaks key resistance and shows strong bullish momentum.

Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...

Technical Signals
Bullish
5 hours ago
New non-profit ETHSystems boosts Ethereum's privacy push amid Ethereum Foundation scaling down.

New non-profit ETHSystems boosts Ethereum's privacy push amid Ethereum Foundation scaling down.

ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...

Protocol Fundamentals
Bullish
5 hours ago
Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...

Market News
Bullish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App