Ethereum shows strong demand: Ethereum’s active addresses saw a 10-15% increase, alongside nearly 20% higher trading volumes. This growth indicates enhanced user participation and improved liquidity, affirming a bullish outlook for ETH as it approaches key resistance.
Profit-taking raises concerns: Despite strong demand, the 25% uptick in exchange inflows suggests that some investors may seek to lock in profits, which could hinder Ethereum’s price advancement. This tension underscores the potential for volatility at this critical moment.
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