Ethereum Network Activity Explodes, Market Structure Points To Upside Continu...
Ethereum is showing signs of strength on two critical fronts at the same time. On-chain activity has climbed to record levels, reflecting heavier real usage across the network, while long-term technical structure is leaning towards upside continuation. Together, these signals suggest that Ethereum’s current phase may be more than just sideways movement, as underlying data points to sustained demand and constructive price behavior. Related Reading: Saylor Defends Bitcoin Treasury Firms Amid Rising Criticism Ethereum Daily Transactions Reach New High Ethereum’s price action is turning....
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Ethereum (ETH) is beginning to show signs of a potential bullish reversal, with the second-largest cryptocurrency by market cap climbing 9.1% in the past 24 hours. Alongside the price surge, Ethereum’s network activity has seen a notable uptick. Ethereum Network Activity Explodes Amid Price Rally According to a recent CryptoQuant Quicktake post by analyst Carmelo_Aleman, […]
During its recent upward performance, Solana attracted a significant number of retail and whale investors, which helped bolster the upside move. Even though the altcoin’s price has briefly pulled back, substantial buying activity is still observed among the smallest SOL holders. Shrimp Wallets Multiply On The Solana Network Solana’s price is struggling below the $170 […]
The negative sentiment around Ethereum appears to be significant as evidenced by current data which shows that the ETH network is exhibiting a noticeable decrease in activity, with its number of transactions falling to its lowest level in the past 5 months. This drastic decline coincides with a larger downswing in the cryptocurrency market, marked […]
Ethereum’s recent sell-off has weighed heavily on sentiment after the price fell below the $2,000 level and pulled much of the altcoin market lower alongside it. The move has caused sweeping fear and caution among Ethereum traders. However, some analysts are of the notion that a bullish upside will roll in soon. In a post shared on X, crypto analyst ChainHub said the current conditions point more toward exhaustion, and after massive downside comes massive upside. Related Reading: Bitcoin Edges Past Gold In Appeal, JPMorgan Says ETHBTC Structure Holds ChainHub emphasized that the ETH/BTC....
While the Ethereum price still struggles to mount a sustained bullish momentum, an investigation into its on-chain activity has revealed a significant change in the behavior of its market participants. Active Addresses Decline To 327,000 From 483,000 August High In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain shared that there has been a growing scarcity of activity within the Ethereum network. Specifically, the quant referenced data obtained from the Ethereum Active Addresses metric, observed on the 7-day Simple Moving Average. Related Reading: If This....