Ethereum is taking a slight hit today alongside BTC, drifting down toward $2,230. However, looking under the hood reveals a different story. On-chain metrics show DEX volume and protocol fee generation remaining steady across major L1 and L2 pools despite the red spot candles.
When spot prices bleed while network utility and TVL hold support, it usually signals accumulation rather than structural breakdown. I am watching fee capture metrics closely here. Patience remains key until volume confirms a clear directional pivot.
$ETH $BTC
When spot prices bleed while network utility and TVL hold support, it usually signals accumulation rather than structural breakdown. I am watching fee capture metrics closely here. Patience remains key until volume confirms a clear directional pivot.
$ETH $BTC