According to U.Today, Ethereum is experiencing significant network growth, reaching an 8-month high as it approaches the $4,000 price level. On-chain analytics platform Santiment reports that 130,200 new ETH wallets were created daily in December, the highest since April, indicating renewed interest in Ethereum. Despite a recent dip, Ethereum's price has been climbing, with intraday highs of $3,945. CryptoQuant analysts suggest that Ethereum could surpass $5,000 due to strong investor demand and network activity. Ethereum ETFs have seen record inflows, and daily transactions have increased significantly in 2024 compared to 2023.
Ethereum Hits 8-Month High, Eyes $4,000 Mark
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