Danger bells are ringing in Ethereum (ETH): Watch out for Altcoins!

Income from staking Ethereum (ETH) has dropped by 30% since March, causing panic among investors.

Ethereum’s decline in staking income has created fear. The income from staked ETH dropped to a total of $174 million in September. The staking income in March had reached $247 million. In addition, the downward movement of the ETH/BTC chart for months and the disappointment of crypto investors due to the underperformance of spot Ethereum ETFs have left investors feeling disappointed. Especially those waiting for altcoins are not satisfied with the direction of Ethereum.

Belief in Ethereum (ETH) continues in the long term!

Staking income has been gradually declining since March, reflecting a decreased interest in Ethereum. The $174 million staking income in September overshadows the $35.5 million obtained from transaction fees.

Despite the decrease in income, the number of validators continues to increase. Ethereum now has 1.09 million validators, demonstrating increased participation in the security of the network. This increase in the number of validators shows that the belief in the long-term expectations for ETH continues, even as individual rewards decrease.

Ethereum, which is currently showing a weaker performance compared to Bitcoin, may come to the fore in the near future. The approaching break in the ETH/BTC chart and the resistance of Bitcoin dominance are critical factors that could increase inflow into ETH. Altcoin investors should especially consider these two factors.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.