Ethereum’s price is facing a turbulent period as declining network activity raises concerns about its future trajectory. According to CryptoQuant trader EgyHash, Ethereum’s dwindling transaction volume is causing a significant drop in fees, impacting the asset’s overall value. This decline has been exacerbated by record low average transaction fees and block fees, which further affect validators within the ecosystem. exacerbating the situation, recent data from Santiment reveals that large Ethereum whales have offloaded a substantial amount of ETH – approximately $1.42 billion worth – in just two weeks. Notably, these whale activities have plummeted by over 63% over the past five weeks, indicating a critical shift in market sentiment. exacerbating the concerns, Ethereum’s deflationary mechanism, designed to control inflation through transaction fees, has weakened due to low network activity. Since the Dencun upgrade, this mechanism has experienced a record-low burn rate – increasing supply and adding inflationary pressure. The impact of these factors is creating significant challenges for Ethereum to retain its value. While recovery appears possible if network activity picks up, continued inflation exceeding demand could maintain downward pressure on Ethereum’s price. 91% Crash Warning Crypto analysts like Ali Martinez have warned of a potential Ethereum crash against Bitcoin, suggesting that the asset could plummet by as much as 91% based on historical trends and technical analysis. Their analysis suggests an ETH/BTC chart double-top pattern may indicate a sharp decline to $0.0020 BTC. This would represent a significant drop for the leading cryptocurrency if it were to occur, given current trading levels of Ethereum at 0.02153 BTC ($1,766). Meanwhile, technical analysis shows that if Ethereum holds above the $1,800 support level and begins to recover, similar to Bitcoin’s trajectory, it could surpass resistance levels like $1,900 and $1,950.