How Resilient Are the Bears as Ethereum (ETH) Continues to Decline by 19%?

In addition to the token price, there are other aspects of the network that need attention. Based on the available data, the amount of ETH issued still surpasses the amount of ETH burned. Since the activation of ETH burning in August 2021, a total of 7.18 million ETH has been issued, while 4.28 million ETH has been burned, precisely 1007 days ago. This suggests that user activity in transactions on the network has decreased. Meanwhile, the average gas fees on the network during this period were recorded at 40.9 gwei.