On-chain analysis platform Santiment stated that network activity gave positive signals in parallel with the rise in Ethereum (ETH) price.
Santiment dated 30 January in the analysis, focused on the rise in Ethereum price and network activity. Ethereum’s January 30th 4% with rise $22.90 from level for $2,385 Santiment stated that he made a significant move after a long time by reaching price rise supported by increase in network activity.
According to data on the Ethereum network The number of new addresses opened every day is 101 thousand as if reaching 484 thousand unique users made transactions on the network every day. When Santiment looks at this data, the growth rate of the Ethereum network is increased by 28% compared to 3 months ago he emphasized.
This growth in the number of new and active users on the Ethereum blockchain was interpreted as an exponential strengthening of interest in the project. Especially after the approval of spot Bitcoin exchange traded fund (ETF) applications, all eyes are on spot Ethereum ETFWhen translated into ‘s, investors’ position at this point bullish expectation also increased.
According to CoinGecko data, in the last 24 hours 1.4%dif the loser is Ethereum, at the time of writing from $2,286 is being traded.