Ethereum Shows Recovery: Is This Rally Sustainable?
Summary
Ethereum's on-chain data shows an increase in Daily Active Addresses and Network Growth, indicating rising utility and adoption. The cryptocurrency is observing significant interest from existing users and new investors. In contrast, Bitcoin's active entities have decreased, suggesting stagnant user growth despite price appreciation. Ethereum's price has recently dropped to around $2,300, but strong network activity suggests potential for the rally to continue.
