Ethereum's active users had surged to over 1 million, sparking a transaction frenzy. Though trader activity returned to normal, Ethereum's price remains on a fascinating ascent.
The transaction chart indicated that on the same day as the spike in active users, the number of transactions surged to over 1.6 million. Prior to this surge, the transaction count typically ranged from 800,000 to 1 million.However, similar to the active users, the transaction count has since decreased. As of this writing, the number of transactions was approximately 1 million.
Interestingly, a review of the volume trend revealed that it remained relatively unaffected by the spike in active users and transactions. It displayed a stable, non-spiky pattern and currently stands at around $754 million.price trend using a daily timeframe chart revealed that it has been following its upward trajectory. The chart indicated a four-day streak of consecutive gains, following a period of stagnant movement and a significant dip.
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