Ethereum (ETH) reclaimed the $2,395 support level on Friday and is attempting a move toward the $2,490 resistance.
Ethereum Price Today: $2,440 Ethereum price reclaimed the $2,395 support level but could see a rejection near the $2,490 resistance. Ethereum 's inflationary pressure could rise with the launch of Unichain. Uniswap accounts for a large percentage of total Ethereum revenue and ETH burnt. Ethereum reclaimed the $2,395 support level on Friday and is attempting a move toward the $2,490 resistance.
The loss of such a major revenue generator to the L2 world could hamper revenue growth. Uniswap cumulative fees across chains Secondly, Uniswap, Uniswap V2 and Uniswap V3 are among the top ten on the ETH burn leaderboard, meaning they are a major contributor to ETH supply reduction.
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