<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/7dd0f06a-a2a9-43e3-bcc9-04abe2b623f1.jpg"></p><p>A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.</p>