{"id":10589,"date":"2025-01-30T20:32:22","date_gmt":"2025-01-30T20:32:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10589"},"modified":"2025-01-30T20:32:22","modified_gmt":"2025-01-30T20:32:22","slug":"ethereum-bulls-getting-started-network-activity-up-23-in-24-hours-eth-breaks-3200","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10589","title":{"rendered":"Ethereum Bulls Getting Started? Network Activity Up 23% in 24 Hours, ETH Breaks $3,200"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">In the top 5 cryptos, Ethereum is <\/span><span data-preserver-spaces=\"true\">lagging,<\/span><span data-preserver-spaces=\"true\"> underperforming against Bitcoin, Solana, and virtually all top altcoins. Unlike Solana, which has hit new all-time highs, ETH <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke-width: 0.65 !important;\n    }<\/p>\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"eth-ethereum\" id=\"coin_widget_id_679bdfe5bd80c\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"eth-ethereum\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background:#e0e0e0;\"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"eth-ethereum\"><br \/>\n                    <span class=\"cwp-coin-icon \"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"eth-ethereum\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> <\/span><span data-preserver-spaces=\"true\">is still fluctuating<\/span><span data-preserver-spaces=\"true\"> between the $3,000 and $3,500 range, fending off determined sellers keen on suppressing prices. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, it looks like this state of \u201cbearish\u201d price action might be coming to an end. Yesterday, despite the Federal Reserve <a class=\"general-link\" title=\"Is There a US Dollar Crisis at The Fed: Bitcoin in 2025 is Just Getting Started\" href=\"https:\/\/99bitcoins.com\/news\/is-there-a-us-dollar-crisis-at-the-fed-bitcoin-in-2025-is-just-getting-started\/\" target=\"_blank\" rel=\"noopener\">holding<\/a> rates steady, one analyst on X observed that the coin broke above $3,200. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At the time of writing, the coin is still trading above this threshold and looks firm, building momentum.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">ETH Price Analysis: Is Ethereum Price Ready To Rip?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Nevertheless, ETH isn\u2019t out of the woods yet. Looking at the ETH price action, it\u2019s clear that sellers are still in control, and for buyers to take over, they must close above the descending channel. The immediate resistance is at the $3,500 level.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If bulls gain momentum, they might overcome $3,700 and even break above $4,100, 2024 high, in a refreshing buy trend continuation. <\/span><span data-preserver-spaces=\"true\">Before that, optimistic holders could only watch the price action, hoping that bulls would <\/span><span data-preserver-spaces=\"true\">hold above $3,200 in the short to medium term.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.tradingview.com\/x\/CihzsVmh\/\" alt=\"Ethereum remains above $3,000 but may be preparing for a strong rally towards $4,000 and even all-time highs\" width=\"1499\" height=\"859\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\">ETHUSDT<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">All the same, confidence is high that Ethereum bulls might shake off the weakness and resume the uptrend seen in the second half of 2023, where the coin spiked to as high as $4,100 in January 2024. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While Ethereum faces stiff competition from Solana and validators have to contend with low revenue following the activation of Dencun in early 2024, there are signs of increased activity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Citing on-chain data, the analyst observes that the number of active addresses on the mainnet rose by over 37%, reaching 670,000 last week. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is nearly 50% more than what <\/span><span data-preserver-spaces=\"true\">was recorded<\/span><span data-preserver-spaces=\"true\"> in March 2024, at 400,000, when the community was optimistic about the coin reaching back to $5,000.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/pbs.twimg.com\/media\/Gih-etLWMAA1GJh?format=jpg&amp;name=large\" alt=\"Ethereum remains above $3,000 but may be preparing for a strong rally towards $4,000 and even all-time highs\" width=\"1624\" height=\"477\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/x.com\/Eliteonchain\/status\/1884895520361152714\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">This unexpected uptick might hint that Ethereum is gearing up for a significant bull run in 2025 that could drastically lift valuations. Even so, traders must remain cautious. <\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">ETH Whales MIA <\/span><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> Vitalik Buterin Has a Plan For ETH Price<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Although there are more new users, the number of large transactions remains subdued, particularly when compared to the bull runs of 2021 and 2017. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A different analysis by a user on X notes that the absence of a whale frenzy suggests a lack of institutional demand. However, this \u201csilence\u201d can be interpreted positively since the coin remains above $3,000, a psychological support level. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At spot rates, ETH may be undervalued, which is an opportunity to accumulate.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/pbs.twimg.com\/media\/GieePjAbYAMSW5I?format=jpg&amp;name=4096x4096\" alt=\"Ethereum remains above $3,000 but may be preparing for a strong rally towards $4,000 and even all-time highs\" width=\"2231\" height=\"944\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/x.com\/IT_Tech_PL\/status\/1884648966463099097\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">It remains to <\/span><span data-preserver-spaces=\"true\">be seen<\/span><span data-preserver-spaces=\"true\"> how ETH prices will evolve in the short term. The community is watching how Ethereum developers will handle the stiff competition, particularly from Solana. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So far, Vitalik Buterin has <a class=\"general-link\" href=\"https:\/\/vitalik.eth.limo\/general\/2025\/01\/23\/l1l2future.html\" target=\"_blank\" rel=\"noopener nofollow\">emphasized<\/a> the need for a multi-pronged approach to boosting ETH price. In a post, the co-founder pointed out the necessity of further scaling the mainnet while also cementing ETH as a primary asset across the ecosystem.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To increase ETH burning, he suggested increasing the number of \u201cblobs\u201d and setting a minimum price for creating such data containers. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Blobs are crucial for layer-2 solutions and help scale off-chain activities while reducing fees. By his estimation, if the number of blobs increases to 128, over 700,000 ETH could <\/span><span data-preserver-spaces=\"true\">be burned<\/span><span data-preserver-spaces=\"true\"> annually.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/pr-news\/1m-catslap-crypto-burn-expected-to-trigger-major-upside-for-slap-price\/\" target=\"_blank\" rel=\"noopener\">$1M Catslap Crypto Burn Expected To Trigger Major Upside For $SLAP Price<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/ethereum-bulls-getting-started-network-activity-up-23-in-24-hours-eth-breaks-3200\/\">Ethereum Bulls Getting Started? Network Activity Up 23% in 24 Hours, ETH Breaks $3,200<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the top 5 cryptos, Ethereum is lagging, underperforming against Bitcoin, Solana, and virtually all top altcoins. Unlike Solana, which has hit new all-time highs, ETH Price Volume in 24h Price 7d is still fluctuating between the $3,000 and $3,500 range, fending off determined sellers keen on suppressing prices. However, it looks like this state [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10589","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10589"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10589\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}