Ethereum Secures Network Activity Dominance, ETH Price Soars
Aside from having the highest fees, the Ethereum network transaction count also retested its 12-month high this week. The network‘s transaction count surged as high as 3.6 million on 28 April. The ETH network’s performance in April was a reflection of its robust position in the market. Ethereum (ETH) Crypto Concludes Another Month In The Green ETH price traded at a roughly 8% discount from its highest level in the last 4 weeks. However, Ethereum price held on to a roughly 7% gain from its opening price in April. The performance of the Ethereum crypto was noteworthy for a significant reason. April marked the second-best green month for ETH price after its bullish performance in March. Ethereum Crypto (ETH price) Monthly Performance | Source: TradingView ETH price action in April signaled that the market was proceeding with recovery. The cryptocurrency previously experienced six months of consecutive downside. A second consecutive green monthly candle pointed to the direction where the market could be headed. This may not necessarily offer clear confirmation but it revealed the markets bias, and it increased the chances of ETH price maintaining the same trend in May. Despite the bullish dominance in April, it was clear that the market was not exactly buying back aggressively at