Ethereum network activity has reached unprecedented levels. In a recent update on X, Token Terminal disclosed that the daily active addresses have outpaced those of the Layer 2 solutions. On January 16th, Etherscan data revealed that the number of Active Addresses reached 1.297 million. As of now, this figure has decreased to 945k. Yet, the … Read more
Tom Lee has issued a warning that Ethereum might be undervalued at the $3,000 mark. Nonetheless, the selling pressure from the group holding between 1k and 10k ETH continued. In an intriguing development, the availability on exchanges has been decreasing, indicating a possible accumulation trend. The Fusaka upgrade has advanced Ethereum into a new phase … Read more
At present, the dominant mood is significantly shaped by apprehension, ambiguity, and skepticism. Millions have vanished, essential support levels have fallen apart, and the overall risk appetite has diminished. As capitulation risk resurfaces, the expected Q4 boost is gradually shifting into unfavorable ground. Overall, December is beginning with a clear negative sentiment. The timing for … Read more