Ethereum has witnessed a massive surge in demand, driven primarily by substantial purchases from long-term holders. This surge comes at a pivotal time as Ethereum struggles to maintain its position above the $4,000 mark amid broader market challenges and corrections.

The Surge in Ethereum Demand

Recent reports from Crypto Quant highlight a notable increase in Ethereum’s demand, fueled by a significant buying spree from “permanent holders” of the cryptocurrency.&middot

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