Ethereum validators hit the jackpot with soaring MEV rewards amidst DeFi turmoil. However, the market's bearish trend raises questions about ETH's trajectory.
. The transaction activity on the network remained relatively stable, with no unusual surges observed.
As of this writing, the transaction volume was over 976,000, slightly higher than the volume recorded on 30 July, which was around 950,000. Similarly, the Total Value Locked exhibited no significant trends. As of the latest data, the TVL stood over $23 billion and showed only a slight downtrend.price experienced a minor uptick on the daily timeframe chart. It was trading at approximately $1,860, reflecting a slight increase of less than 1%. Despite this small gain, the overall trend remained bearish.
The Relative Strength Index was also trending below the neutral line, further confirming the bearish outlook.
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