Ethereum Claims Address Dominance With 43% Lead—Will It Keep Rising?
Summary
Ethereum's price movements have lagged behind Bitcoin, which recently approached $73,500. Ethereum touched a low of $2,322 on October 3 but has since risen to $2,721 before settling around $2,516, reflecting a weekly gain of 3.74%. Increased on-chain activity has been noted, with Ethereum accounting for 43% of all active blockchain addresses, surpassing competitors like Tron and TON. Analysts highlight that this high level of activity is indicative of Ethereum's dominance in adoption and network engagement, particularly in DeFi, dApps, and NFTs. Predictions suggest Ethereum may retest the $2,800 mark in the near future, supported by a declining Exchange Supply Ratio and growing user interest.
