Ethereum

bullish

2024

Coin

<ul class="wp-block-list news-points">
 <li><strong>Ethereum network growth has hit a 4-year high on Sunday, confirmed Santiment.</strong></li>
 <li><strong>There is an increased chance of the digital asset breaking from the $2.2K-$2.3K level.</strong></li>
 <li><strong>ETH ETFs fail to bring the necessary capital for a bullish outbreak in Ether’s price.</strong></li>
</ul>
<p>Ethereum’s network is flourishing, reaching a four-year high in growth even as ETH, its native token, struggles around the $2,200 mark. This surge in network activity, particularly during a period of price decline, hints at a potential price reversal according to on-chain analytics firm Santiment.</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ethereum has just hit a 4-month high in network growth, on a day (Sunday) that is traditionally the least active of the week. 126,210 new wallets created is indicative of rising network utility and anticipated price bounces from the $2,200-$2,300 level. <a href="https://t.co/zQaKbBdznK" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zQaKbBdznK</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1833004546215530860?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 9, 2024</a>
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<p>Santiment’s data reveals a remarkable increase in new Ethereum wallets, reaching the four-month high of 126,210. This suggests growing network utility and sets the stage for possible price rebounds from the $2,200-$2,300 level. The timing of this surge, occurring on a typically quiet Sunday,…</p>
<p>The post <a href="https://coinedition.com/ethereum-network-thrives-despite-eth-price-stagnation/" rel="noopener noreferrer nofollow">Ethereum Network Thrives Despite ETH Price Stagnation</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Network Thrives Despite ETH Price Stagnation

Coin Edition

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