The post Ethereum Records A 56% Spike In Network Activity; Potential Rally Ahead? appeared first on Coinpedia Fintech News
While Ethereum markets did not react to the news surrounding S1 filings on Friday, there has been a significant shift in the Ethereum network usage, signaling that investors are bracing up for major trading activity in the week ahead. ETH has recorded a 56% spike in network activity as it reached 806,500 active ETH addresses at the close of June 23. The market is awaiting updates on the Ethereum spot ETFs from the SEC where a positive update could push Ethereum’s price towards the $4,000 mark. The potential for a price surge is high with significant support from institutional investors like Blackrock and VanEck.
