Ethereum

Resistance

Coin

<ul class="news-points"> 
 <li><strong>Data platform Santiment revealed in a tweet today that Ethereum’s network growth has been on the rise over the past few weeks.</strong></li> 
 <li><strong>According to the analytics firm, ETH’s network growth is at a 4-month high.</strong></li> 
 <li><strong>Technical indicators suggested that ETH may drop to $1,777.83 in the coming 24-48 hours.</strong></li> 
</ul> 
<p>The blockchain analytics platform Santiment revealed in a tweet earlier today that network growth for <a href="https://coinedition.com/tag/ethereum-eth/">Ethereum (ETH)</a> has been on the rise over the past few weeks. According to the post, new addresses are being created on the blockchain at an increased pace, which may be a signal of eventual market cap growth.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a>'s network growth has somewhat quietly been on the rise. New addresses are being created at an increased pace, which is a signal for eventual market cap growth. We'll monitor this <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#bullish</a> divergence as <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ranges just below $1,900. <a href="https://t.co/TpiOUGgYGl" target="_blank" rel="nofollow">https://t.co/TpiOUGgYGl</a> <a href="https://t.co/B0SrlrsrmB" target="_blank" rel="nofollow">pic.twitter.com/B0SrlrsrmB</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1677076747823747074?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 6, 2023</a>
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<p>The firm also noted that Ethereum’s network growth is at its highest level in 4 months. Santiment referred to this increase in new addresses as a bullish divergence, given that ETH’s price struggled to overcome the $2K resist…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/network-growth-for-eth-rises-despite-2k-resistance-holding/">Network Growth for ETH Rises Despite $2K Resistance Holding</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Network Growth for ETH Rises Despite $2K Resistance Holding

Coin Edition

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