News with the tag "network activity"

Ethereum (ETH) is showing signs of entering a 'Wyckoff liftoff' phase, with analysts predicting potential new highs, while also cautioning about a possible drop if it doesn't break out of its current formation.

The Ethereum network experienced a significant surge in daily transactions, reaching 1.45 million, driven by Layer-2 solutions, DeFi and NFT resurgence, and positive market sentiment, indicating network vitality and maturity.