Of course!!! Here is a paraphrased text that retains the essence of the original
![](https://public.bnbstatic.com/image/pgc/202405/9703bc59b422a60367ec22e26a6f257b.jpg)
:
"By analyzing the #BTC #blockchain data, we can gain additional valuable insights. The number of active addresses on the Ethereum network is subject to fluctuations, indicating a changing level of user activity. Currently, the number of active addresses is approximately 450,000, which is lower than recent peaks. The number of transactions on the network also shows some instability, with the daily number of transactions varying around one million.
It is interesting to note that after the implementation of EIP-1559, net #ETH issuance was slightly negative, meaning that the number of tokens burned exceeded the number of tokens mined. However, this has since changed as activity on Ethereum's L1 has decreased.
Ethereum's recent rise above the $3,000 mark is an encouraging development for supporters of the #cryptocurrency . Nevertheless, the asset still faces some challenges and obstacles. It is important to keep an eye on key support and resistance levels, which are currently at $3,200 and $3,400 as resistance levels and $2,900 and $2,800 as support levels.
Arman Shirinian, a trader and crypto-enthusiast with over four years of experience, is also an SMM expert. He closely follows the developments in the Ethereum world and provides his analytical observations.
This text retains the core information from your original post, but expresses it in a new way, providing a fresh take on the same ideas and observations.
Read us at: Compass Investments