Ethereum Activity Skyrockets Amidst Investor Buzz and Record Growth
TL;DR Summary
Ethereum has experienced a significant increase in activity, with large transactions surging by over 300%, reaching a daily volume of $17.15 billion. This rise is attributed to increased activity from 'whales,' or large holders of Ethereum, coinciding with recent price increases in both Bitcoin and Ethereum. Ethereum's price briefly surpassed $4,000, marking a bullish trend, although it has since slightly dipped. The market remains optimistic, with potential for further price increases if support levels hold.
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