EthereumThe price of the price continues to display significant weakness and volatility, recording monthly leafy performance in recent months. Despite the prolonged movements in decreasing prices, the network has increased an increase in activity, investors flocking considerably towards blockchain.
Overvoltage of the Ethereum adoption rate
Even if the price of Ethereum has been faced with a significant bearish pressure, the network witnesses a new vague adoption. In a recent article X, the intelligence of the world market and the data platform on the intotheblock channel revealed A sharp increase in the adoption rate of new ETH users.
According to data from the chain platform, the new adoption rate of Ethereum users increased to 40% last week, a clear sign of participants. This progression comes in the middle of a larger market realignment, signaling a resurgence of interest in the underlying technology of Ethereum and real utility.
Such an increase in new users of users of robust interest for the ETH network From the first users. Given the current market environment, this demonstrates an increasing interest that goes beyond speculation.
With an influx of user for the first time adopting the network at a rapid rate, this growth could open the way to the price trajectory of the ETH. This could arouse increased demand for the altcoinallowing him to earn more short -term traction and move towards the rise.
Recent news concerning Ethereum upgrade From its founder, Vitalik Buterin, also sparked a renewal of optimism among institutional and detail players on the long -term potential of Altcoin.
Vitalik Buterin Sunday propose A RISC-V upgrade to replace the protocol of Ethereum Virtual Machine (EVM), a development suspected of influencing the price of ETH and arouse a huge gathering to new heights of all time. The upgrade is defined to modernize the network execution layer, targeting better scalability and a lower cost.
In addition, it will discuss performance problems and reduce the difficulties encountered by developers when using the network. It is believed that it is the test of the network and to maintain it at the forefront of intelligent contracts.
With this next upgrade, Ethereum could be set to enter a new era of upward performance. Many crypto analysts like Ash Crypto declared that the upgrade can finally serve as a springboard for the long -term $ 10,000 target.
Increased possibilities of $ 10,000 from ETH
Market expert and late investor trader analysis Offered another view of the action of current ETH prices, highlighting potentially massive lightness in the coming months. While Altcoin has lagged behind its competitors, the expert revealed that correction was part of a broader trend towards a new summit of all time.
After examining the past trends, late late predicts that Ethn price should reach $ 10,000 this cycle, demystifying the trend in 3 phases. Phase A represents a markdown phase, phase B represents a recovery phase with an escape from the trend line, followed by a retest on the same trend line, and phase C represents the increase phase, where prices explode.
Currently, ETH has entered phase C, which, according to him, will lead to the most aggressive upward trend Since 2022. At the end of phase C, the price of Altcoin should reach the level of $ 10,000.
Pixabay star image, tradingView.com graphic
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