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Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up

  • On-chain data shows metrics related to network activity have spiked for Ethereum recently, something that could pave way for a further rally.
  • The Transaction Volume and Whale Transaction Count have increased, indicating higher interest and involvement from both smaller investors and large entities.
  • Increasing network activity is considered a positive sign for sustainable rallies in cryptocurrency.
  • With Ethereum breaking beyond the $3,150 level and its healthy network activity, it could potentially reach its all-time high.

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