Ethereum
Why Ethereum is up 10.2% today
Analysis
Ethereum (ETH) rose 10.2% over the past 24 hours amid narratives pointing to strengthening fundamentals and demand signals. Bitcoinist reported that Ethereum network activity βbroke recordsβ even as price had previously stalled, which can support a bullish repricing when activity accelerates.
Contributing Factors (3)
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Ethereum Network Activity Breaks Records Even As ETH Price Stalls
The Ethereum network and its price are moving in separate directions as the market faces continued bearish action. On-chain data are showing that the ETH network is performing at one of its most remar...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.