<ul data-eligibleForWebStory="true"><li>Ethereum network activity has surged to the third-highest level in its history despite price stagnation.</li><li>The recent spike in Ethereum activity is attributed to intensified DeFi usage, arbitrage trading, and position management amid price fluctuations.</li><li>The uptick in network activity may signal early signs of accumulation and network revival, suggesting a new phase of growth for Ethereum.</li><li>Steady ETH exchange holdings, rising Layer 2 adoption, and robust daily activity further support Ethereum's strength in the Web3 landscape.</li></ul>

Ethereum Network Activity Surges to Third-Highest in History Despite Price Stagnation

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