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ETHEREUM is currently trading in a period of defeated price movement, which reflects a wider monotheism in the encryption asset market. At the time of this report, ETH is traded by about $ 2,423, which is a daily decrease of 0.9 % and more than 50 % less than its height at all at $ 4,878.
This recession coincided with a wider shortage of stimuli to lead a continuous gathering, which makes merchants cautious about Ethereum’s A path in the short term. Despite this lack of price momentum, the network activity on Ethereum tells a different story.
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ETHEREUM measures indicate an increase in network post
According to Cryptoquant Carmelo Aleman, the number of confirmed transactions on ETHEREUM recently Rise To 1750,940, making it the third highest number of daily transactions in its history.
Alemán notes that this trend may indicate the potential strength of use, even as participants in the market are waiting for a more important price response.
Alemán analysis focuses on the “total) of ETHEREUM”, which picks up all forms of activity, including ETH transfers, smart contracts, and interactions with Decentralization applications Defi protocols.
The last increase in a period of decline for months and represents the highest number of transactions since January 14, when Ethereum recorded 1.96 million transactions.
According to Germans, this height may be driven by increased pleasure, trading activity, and reactions with layer 2 networks, which continue to absorb the size of large transactions. Platforms such as expression and optimism remain major contributors to the use of the broader ETHEREUM.
It also indicates that despite the fluctuation of ETH prices within a range between 2100 and 2,880 dollars Early stage accumulation Or rejuvenate Defi.
This dynamic, although it does not immediately reflects in the assessment of the original, indicates that the basic infrastructure of Ethereum still sees meaningful use.
Speculation
Separately, another analyst, Omar Taha to examine The last technical preparation for Ethereum from the perspective of the derivative market.
TAA highlights that ETH financing on Binance has turned from negativity to positive lands, a sign that the long -term pleading pleading, which may reflect the expectations of the continuous upward trend. However, this shift also raises the possibility of excessive Control of the sites.
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Taha also indicates a recent test of the main short sense, as the market participants who summarized ETH were forced to close positions, which led to quick purchase orders.
Such movements can generate a short -term storm, but they are often followed by correction stages as soon as speculative energy fades. Meanwhile, the exchange data showed more than 177000 ETH Possible pressure Or re -placed by adult holders.
A distinctive image created with Dall-E, the tradingView chart
