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Ethereum Fees Hit 9-Month High Amid Strong DeFi Activity – Details
- Weekly Ethereum network fees reached a 9-month high of $67 million.
- The increase in fees is attributed to ETH's price balancing and the significant rise in DeFi activity.
- Demand for lending in DeFi has driven interest rates to exceptional levels, exceeding 10% on average.
- Ethereum's price faces resistance at $4,000, but a breakout could lead to a surge to its all-time high of $4,900.
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