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Ethereum’s on-chain metrics are surging, with daily transactions hitting a one-year high and active addresses growing steadily. This uptick suggests genuine utility-driven growth rather than speculative trading. Could ETH be gearing up for a new bull phase?
- Ethereum's daily transactions hit 1.7 million, the highest level in over a year, signaling robust network usage.
- The EIP-1559 upgrade is steadily reducing ETH supply through fee burns, creating tighter market dynamics.
- ETH's strategic reserve ballooned from $200 million to $10 billion in four months, reflecting institutional accumulation.
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