đ„đ„Ethereum is ready to riseđ€đ€
đč On the eve of the ETFâs listing, Ethereum network activity increased by a staggering 56%. Although ETH prices remained calm on Friday on the S1 filing news, market data shows that investors are actively preparing for major trading activity in the coming week.
đ Looking back at the data from a week ago, a total of 17,515,610 ETH wallets participated in transactions in June. Prior to the announcement of the S-1 filing on Friday, June 21, network utilization had been fluctuating in a range of around 5%. However, since then, Ethereum network activity has seen a significant 56% increase, with the number of active addresses soaring to 806,500.
âïž With the significant growth in the number of addresses, this may mean that many investors are adjusting their strategies or preparing for important events. A 56% surge in network activity heralds a subsequent rise in ETH prices, and we may soon see ETH prices return to the $4,000 era.
#ETH_ETFs_Approval_Predictions #CryptoTradingGuide #VanEck_SOL_ETFS #MicroStrategy