Ethereum Rebounds: Navigating Competition from High-Speed Blockchains

Following a week of strong gains, Ethereum’s price surged to $1,811, challenging doubts about its relevance amidst growing competition from faster blockchain networks. This surge is attributed to renewed investor confidence in the network’s fundamental strengths, particularly its dominance in total value locked across DeFi platforms. 📈 However, analysts remain cautious as Ethereum still faces resistance above the crucial $1,900 level. 🚀