Ethereum's Daily Active Addresses Double, Indicating Increased Network Engagement

According to BlockBeats, analyst @alicharts reports that Ethereum's daily active addresses have doubled over the past two weeks, surpassing 800,000. This suggests a renewed increase in network participation. Recently, the most concentrated buying range for Ethereum ETFs has been between $3,119 and $2,772, establishing this range as a key support area. From a technical perspective, Ethereum continues to consolidate within a triangle pattern on the daily chart. As long as the price remains above the $3,085 support level, breaking through the $3,400 resistance could lead to a move towards $3,660, with the potential for further gains up to $4,000.