Even if EthereumThe price of the prize is currently experiencing a lower decision, the Altcoin Leader is still strongly above $ 4,100. In the midst of this fluctuating price action, chain activities on the ETH network are strongly booming, as evidenced by a significant increase in transactions.
Boom net in daily transactions Ethereum
The price of Ethereum Built the underlying force for a possible ascending movement, as well as the performance of the network. In the past few days, the network has experienced powerful resurgence, daily transactions reaching the unclear levels for many years.
Darkfost, a market expert and author, reported That this strong increase in chain activity, highlighting an resurgence of investor interests, increased demand for decentralized applications and wider use of blockchain in all industries. It also indicates an increasing feeling of confidence in the scalability and the long -term value of the ecosystem.
According to the expert, ETH is booming and Decentralized finance (DEFI) Now is developing quickly, the network naturally being at the center of this ecosystem. As a result, the number of transactions on the network increases and recently left a four -year range.
It should be noted that Daily transactions of Ethereum In the previous four years, were around 900,000 and 1.2 million, using a 14 -day SMA to reduce noise. When ETH experienced a significant amount of FUD during the last slowdown at the end of March, the daily average was already about 1.2 million transactions.
Interestingly, this level was much higher than the number observed in January 2023, when the network barely reached 1 million transfers per day. However, the number of daily transactions reached between 1.6 million and 1.7 million, marking the highest levels ever recorded on the Ethereum network.
Darkfost noted that the increase in Ethereum transactions has a real correlation with its price. In the meantime, the expert highlights the importance of monitoring this data, because this is where the truth resides, which benefited those who used the data.
ETH financing rate on a downward trend
Lately, Feeling of investors Seems to have reversed funding rates while financing rates move to a negative territory. This change of feeling coincides with the ETH preparing for a rally, signaling the cooling momentum among leverages and raising questions about the current trend.
Crypto Summon revealed That Ethereum financing rates have remained negative throughout last week, which is similar to previous occasions. However, the market expert says that the downward trend has stopped and that an upward trend emerges.
This development alludes to a potential Bottom in the action of ethn prices. According to the expert, it is common for funds to coincide with the moments when investors are afraid and bet on additional reductions or pay bonuses to protect themselves.
Current CoinmarketCap data show that the price of the ETH is fell to $ 4,127, indicating a drop of almost 2% in the last 24 hours. Although its price has dropped slightly, its volume of trading also experiences a lower decision, lowering more than 8% during the last day.
Getty Images star image, tradingView.com graphic
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