Ethereum Rally Falters as Profit-Taking Takes Hold

Ethereum's recent price rally has lost momentum due to profit-taking from traders locking in gains, while network activity remains subdued.

The world's second-largest cryptocurrency has been trading within a narrow range, struggling to break above key moving averages as technical indicators suggest limited upside.

Network activity measured by daily active addresses, transaction counts, and gas usage has not shown a corresponding increase, indicating that the rally may be driven more by speculative interest than organic demand.