Surge in Ethereum onchain activity indicates potential ETH price increase to 5,000 USD

Ethereum is benefiting from increased onchain activity and treasury accumulation, which bolster its price stability, despite the pressure from validators exiting the system.

With Ethereum’s network fees rising by 35% and 2.67 million ETH exiting the staking process, the market sentiment appears positive, with ETH outperforming the broader crypto market.

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