This was reported by analysts from CryptoQuant.
🇸🇦 According to them, investors are currently buying ETH at higher prices, indicating the potential for the cryptocurrency to grow within this cycle.
🟡The daily transaction volume is in the range of 6.5-7.5 million, while in 2023 this figure was 5 million. This has led to an increase in fees and a rise in the number of coins being burned.
🔵 Additionally, the total assets under management of ETH-ETF have exceeded $13 billion and amounted to over $102 million in the last 24 hours.
🟢This indicates the ability of the second-largest cryptocurrency by market capitalization to reach new price highs in the short term.
#CryptoQuant #ETH🔥🔥🔥🔥
