Ethereum Network Activity Sees 121% Spike Ahead of Key Resistance Level

Ethereum's network activity has experienced a substantial surge over the past three days, with a 121% increase in active addresses reported by Santiment data. This significant rise suggests that more users are interacting with the network through various transactions, including transfers, trading, and DeFi activities.

The scale of this increase indicates stronger short-term demand and rising market attention. However, it is essential to note that this metric does not confirm whether the activity came from new users, returning users, or larger holders moving funds across wallets.