A popular cryptocurrency analyst expressed concerns over Ethereum’s (CRYPTO: ETH) underwhelming performance and assessed its future prospects on Monday.
What Happened: In a series of X posts, Ali Martinez, known for identifying chart patterns and issuing price predictions, called Ethereum one of the “weakest” performers in the cryptocurrency market in recent days.
The concerns were not unfounded. The second-largest cryptocurrency has dropped about 2.5% in value since 2025 began, as opposed to the gains accumulated by other large-cap coins like Bitcoin (CRYPTO: BTC), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP).
Martinez noted that Ethereum’s network adoption has slowed down considerably, with the number of new ETH addresses declining by 9.32% over the past week.
Full story available on Benzinga.com