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Ethereum Shows Strength Amid Rising New Addresses and Capital Inflows: Key Levels to Watch

Summary by NullTX

Ethereum ($ETH), with the second-largest crypto market cap, shows that strength and growth are still possible in today’s crypto landscape. Ethereum’s network is showing some very positive metrics lately, not the least of which is the dramatic surge in new address creation—a figure often viewed as a proxy for network growth and a signal of the unmistakable increased adoption of Ethereum by the crypto community. These new addresses indicate a surg…

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Ethereum Price Gains Momentum as New Addresses Surge 12.11%

Key Insights: Ethereum’s network activity is rising, with new addresses up 12.11% in a week. A falling wedge breakout signals potential bullish momentum for ETH. Large holders control 54% of supply, indicating strong investor confidence. Ethereum price has seen increased volatility amid rising network activity and bullish technical signals. New addresses on the network grew by 12.11% in the past week, reflecting higher adoption. Meanwhile, a fa…

16 hours ago

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