Ether Leeum (ETH) is start In the last 24 hours, the market cap climbs 9.1%, showing the second largest cryptocurrency, which shows signs of potential optimistic reversal. Along with the surge in prices, Ether Lee's network activity has seen a remarkable increase.
Ether Leeum network activity explodes in the price rally.
According to the recent Cryptoquant Quicktake post by analyst CARMELO_ALEMAN, Ethereum's active address has soared over the last few days. Between April 20 and April 22, ETH activity addresses increased from 306,211 to 336,366, up 9.85% in 48 hours.
Analysts pointed out that the rapid rise in active speeches increases the heat chain. However, it emphasizes the need to track other metrics such as exchange amount, transaction count and gas fee by paying attention to separating and analyzing this metrics.
recent data In YCHARTS, Ether Leeum trading a day indicates that it has seen a significant surge in the last few days. Specifically, the number of transactions rose from 1,042 million on April 19 to 1,293 million on April 22.
Defillama also reports that the total value lock (TVL) has increased significantly in Etherum Distributed Finance (Defi) ecosystem. In particular, TVL rose to $ 499.9 billion on April 19 at $ 46.22 billion.
Despite the recent growth, TVL is much lower than the maximum of $ 76 billion in December 2024. ETH -based distributed exchange (DEX) trading volume also surged from $ 93 million on April 20 to $ 2.42 billion today.
Beyond optimistic chain indicators, technical indicators also refer to potential reversal. Crypto analyst TITAN OF CRYPTO in recent posts in X Emphasis The ETH has a classic optimistic signal from a wedge pattern falling from the daily chart.
In addition, Ether Lee's relative robbery index (RSI) came from the long -term decline. RSI currently hovers about 50 people and suggests that there is an important space. rising Momentum if the price follows a lawsuit.
Warning signal for ETH
Despite improving emotions, Ethereum Fear & Greed Index is as follows. glare Reading of 64 -indicates that ETH can enter the excessive area at the current price level.
Also, ETH can face Strong resistance If the current strong momentum continues, it is about $ 2,300. In the press time, ETH has increased 9.1% to $ 1,788 over the last 24 hours.
The main image of unsplash.com, Cryptoquant, X and TradingView.com charts
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