Ethereum Network Growth Hits 4-Month Peak; Can the ETH Bulls Pick From Here?
Ethereum Ang Ethereum Network Growth ay umabot sa 4 na Buwan na Peak; Maaari bang Pumili ang ETH Bulls Mula Dito? Balita ng Ethereum ng Bitcoin The Ethereum (ETH) market has struggled to rally past $2000 in the past four months, raising concerns of possible correction in the coming months. The indecisive nature of the Ethereum market in the past few months has undeniably cooled down the crypto bear market rally. Nonetheless, the weekly Ethereum price action shows the bulls are still in control of the bear market rally. Moreover, Ether price action has not invalidated the higher highs and higher lows YTD. Ethereum On-chain Activity On the Rise According to a recent on-chain study conducted by market intelligence platform Santiment, Ethereums network growth has hit its four-month peak despite market indecisiveness. Interestingly, the number of new Ethereum addresses created this week has scaled higher than 550k. According to Santiment, the exponential increment of Ethereum addresses is a direct indication of an imminent growth in market cap. As the leading smart contract-based blockchain, Ethereum has attracted more DeFi developers in the past few years. The Ethereum network had a total value locked (TVL) of about $26 billion with its stablecoins market cap at about $68.9 billion on