Crypto 259

07/15 15:56

Ethereum: Understanding how $2.8K will write ETH’s

Ethereum: Understanding how $2.8K will write ETH’s next chapter

Ethereum’s ecosystem thrives as bullish metrics converge around a pivotal resistance level.

Since the start of June,  Ethereum [ETH]  has seen ecosystem usage surge.  Weekly Active Addresses jumped to 17.4 million, marking a new all-time high. 

This includes a sharp 18.43% rise in Layer 2 Interactions, further amplified by a 7.55x multiplier, indicating a massive adoption spike in scalability networks. 

While cross-chain activity saw a slight decline, the sheer volume of core Ethereum usage reflects renewed interest from both retail and institutional participants. 

Therefore, the sharp uptick in activity could set the stage for a potential momentum-driven breakout.

Ethereum’s Total Value Locked (TVL) climbed to $86.63 billion — up 1.28% in 24 hours, per DeFiLlama.   This reflects sustained capital inflow into Ethereum-based DeFi .

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