Ethereum achieves unprecedented network growth, but ETH price remains stagnant

Ethereum has recorded the highest daily network growth in history with 393,600 new wallets created. Despite this surge, ETH is trading around 3,177 USD, well below the crucial 4,000-4,500 USD resistance levels.

The total number of non-empty Ethereum wallets has reached 172.97 million, indicating strong user adoption. However, the price dynamics do not reflect this growth, as the Relative Strength Index indicates limited bullish momentum.

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