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Ethereum is increasing, as the network only passes a critical landmark that predicts the analysts with a price recovery.
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On January 24 and 25, ethereum It has seen an increase in daily active headlines, which exceeds 200,000-unprecedented number since October 2022. This huge increase reflects the network’s participation and importance in decentralized financing (Defi) and NFT symbols (NFT), Glassnode data appears.
Ethereum network activity and user participation
The increase in daily active addresses is one of the most important measures of ETHEREUM adoption as it shows that more users interact with decentralized applications (DAPS) and DEFI transactions.
The recent increase in the new ETHEREUM addresses shows that more people are entering the market. This may be because price changes draw new arrivals, although prices are recently low. The increase in the addresses of the previous patterns that were seen during times of instability in the market and price changes appear, when fluctuations usually lead to more activity on the network.
ETHEREUM addresses have grown steadily with a steady balance; In January 2025, they will have 136 million. This continuous rise-even in the face of low prices-explains the ethereum flexibility and indicates that the acceptance of the network goes beyond the circulation of simple speculation, and thus shows a large and long-term demand in the platform.
Price recovery and market fluctuation
Now, the question is whether this style will restore the price for Ethereum, even as its use grows. Ethereum price has difficulty overcoming important resistance levels, even if the network user base is expanding.
The ETH price is still less than its peak in January 2025, even with strong adoption signs. Eth was down 4.0 % and 1.0 % on daily and weekly plans at $ 3,203 at the time of writing this report.
Analysts closely monitor the movement of price, and some expect that more institutional investors and individual traders are looking to take advantage of the increasing demand for the services that the ETH operates, the ETHEREUM price will rise.
On the circumstances of the macroeconomic and the performance of the bitcoin
At the same time, the conditions of macroeconomics, especially Bitcoin The broader performance and mood on the market, still has a significant impact on ETHEREUM price fluctuations. Current currency market fluctuations are still formed, with unexpected declines and nails, forcing merchants to be hesitant.
However, if Ethereum is able to maintain the current acceptance direction and continue to develop its network of active users, its price may finally gain the rising motivation he was missing.
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What led to a rise?
The increase in the new Ethereum addresses On January 24 and 25 as a result of the high market fluctuation, which attracts more users. This increase shows the increasing participation with Defi and NFTS and suggests a future use that exceeds speculative trading. The network operations show that the consumer’s interest is expanding, regardless of the reduction of prices.
Distinctive image from Dall-E, the tradingView graph