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Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth

  • Ethereum is facing volatility below the key $2,700 resistance level, with bulls and bears battling for control.
  • Top analyst Ted Pillows highlights Ethereum's rising daily gas usage since 2016, indicating real demand driving network activity.
  • Ethereum's fundamentals show strength despite market uncertainties, positioning it as the foundation of decentralized finance and NFTs.
  • If Ethereum can break above the $2,700 resistance level, it may lead to a broader rally toward higher levels, supported by technical and on-chain data.

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