The Ethereum network is notable for renewed demand and increased network activity. 🌐 According to CryptoQuant, these dynamics could lead ETH to rise above $ 5,000 in the coming weeks.

- The average purchase price of ETH is $ 5,200, which is increasing with new participants.

- Ethereum ETFs reached a new peak of 3.41 million coins.

- After the EIP-1559 update, the amount of ETH burned increased, which reduces the supply and positively affects the price. 📈

Ethereum's network activity and transaction volume reached new peaks in 2024. This puts positive pressure on the price of ETH.