Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum: Will high network activity lead to price increases?
ALTCOIN NEWS

Ethereum: Will high network activity lead to price increases?

By Crypto FlexsJanuary 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum: Will high network activity lead to price increases?
Share
Facebook Twitter LinkedIn Pinterest Email

  • ETH is down more than 2% in the last 24 hours.
  • Buying pressure on Ethereum was high and whale activity increased.

Ethereum (ETH) It has proven once again that it is the king of altcoins, surpassing other coins. Considering the latest data, ETH takes the lead in recent volatility and average intraday price movement among the top capital assets. Does this mean prices will rise soon?

Ethereum is at the top

According to data from IntoTheBlock, the Ethereum ecosystem has remained very active in terms of price fonts and other related aspects, outperforming the rest of the ecosystem. This could indicate future price increases.

According to CoinMarketCap, the price of ETH has risen more than 12% in the past 30 days.

#Ethereum It has recently been driving the volatility and average intraday price movements of top capital assets.@intotheblock Indicates that the data is simplified. #eth The ecosystem is very active. The rise in prices is not surprising.#Cryptocurrency #Bitcoin #market #call #BBB24 pic.twitter.com/O1pLDxgiNw

— 𝕐ℝ𝔼 (@lord_zyre) January 19, 2024

Although ETH’s activity in terms of price was still high, AMBCrypto planned to check the network activity.

Artemis’ Analysis data The past 30 days have clearly shown that both daily active addresses and daily transaction count on Ethereum have remained relatively high.

Source: Artemis

Additionally, the situation in terms of captured value looked promising. This seemed to be the case ETHFees have gained upward momentum.

In addition to the upward trend, blockchain revenues also showed a similar upward trend. However, a negative sign was the decline in TVL.

Source: Artemis

Will ETH price rise further?

Last month, the value of ETH surged by double digits and the daily chart turned red, although network activity remained high. The king of altcoins is down more than 2% in the last 24 hours.

At the time of reporting, ETH was transaction Its market capitalization is $2,477.74, which is over $297 billion.

We checked out Santiment’s data to see how investors are reacting to this. Our analysis shows that investors are putting buying pressure on the token. This is evident from the fact that while Ethereum’s supply on exchanges has decreased, its supply outside of exchanges has increased.

Moreover, the whales were also confident. ETH This is because the supply of top addresses increased last week.

Source: Santiment


read Ethereum (ETH) price prediction 2024-25


Considering the high ecosystem activity and purchasing pressure, the possibility of future price increases cannot be ruled out. Therefore, AMBCrypto looked at ETH’s liquidation heatmap to identify upcoming resistance levels.

Our analysis shows that ETH will face strong resistance near $2,600. A move above this level will again face resistance between $2,770 and $2,800.

Source: Hiblock Capital

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Unleash Your Potential with BitHIRE: The Best Job Search Tool – The Defi Info

February 26, 2024

WazirX Recovers $150 Million in Shiba Inu, Ethereum, and More with Bounty Program

July 22, 2024

Shiba Inu Whales held 10% of SHIB’s supply, a 250,000-fold increase to $2.5 billion.

November 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.