Ethereum Activity Surges, Sparking $4000 Price Speculation
TL;DR Summary
Ethereum's active addresses have surged by 36%, indicating strong organic demand and network activity, which could sustain its recent price rally. Since the US elections, Ethereum has seen a 70% price increase, breaking key resistance levels and showing potential for further growth. Analysts remain optimistic about Ethereum's bullish momentum, driven by its dominance in Layer-2 scaling solutions and decentralized applications. Despite mixed sentiments about its consolidation at $4,000, breaking the $4,100 resistance could propel Ethereum towards its all-time high.
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