Ethereum

<ul><li>Ethereum&#39;s recent spike in wallet activity could signal a price rebound.</li><li>Amidst Bitcoin&#39;s challenges, Ethereum has emerged as an investor favourite.</li><li>By launching a new testnet Holesky, Ethereum is enhancing its ecosystem.</li></ul>Ethereum is turning heads and attracting investor interest for all the right reasons. On a record-setting Wednesday, the network saw an extraordinary spike in wallet activity, with 1,089,893 unique wallets either sending or receiving $ETH, according to an X update by Santiment, a market intelligence platform.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/be44fa9ddbf442bb8807d15e86cb73bc.png" />This volume marks the second-highest in Ethereum’s over 8-year history, and some financial analysts suggest that this might serve as the much-anticipated capitulation signal, which could lead to a robust price rebound for the asset. This surge in unique wallet activity is pivotal for Ethereum, especially considering the <a href="https://cryptotale.org/bitcoin-etf-fomo-dies-down-amid-skepticism-santiment/" rel="noopener noreferrer nofollow">challenges</a> plaguing Bitcoin. While the world&#39;s first cryptocurrency faces issues ranging from regulatory scrutiny to market volatility, Ethereum has allegedly shown itself to be a remarkably resilient asset.It has not just weathered recent storms but is setting itself up for significant future gains. Various factors contribute to Ethereum’s growing popularity, from its capabilities in executing smart contracts to its vast potential for growth, which many believe could eventually outstrip Bitcoin.The price metrics further underscore this sentiment. As of the most recent data, Ethereum trades at <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$1,620.23</a> with a 24-hour trading volume of $5,168,309,096. Though the asset has seen a modest 1.40% uptick in the last 24 hours, its market cap is a sturdy $194,788,715,719, securing its spot as the second-ranked asset on CoinMarketCap. There is a circulating supply of 120,222,579 ETH coins, but the maximum supply is still unavailable, keeping investors on the edge.Read full article at <a href="https://cryptotale.org/ethereum-flashes-major-buy-signal-with-historic-wallet-activity-santiment/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Ethereum Flashes Major Buy Signal with Historic Wallet Activity: Santiment

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