On-chain metrics gave hope for a price uptick in the coming days.has witnessed quite a few interesting developments over the last few days. At first glance, it seemed that network usage had increased, while the rest of the metrics suggested otherwise.
Not only that, but ETH underwent a price correction as well.Glassnode Alert’s 5 June tweet revealed that Ethereum’s mean gas price had reached a one-month low at press time. A lower gas price can lure new users onto the network and, in turn, increase the number of transactions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Ethereum on exchanges dropped to a 5-year lowAs Ethereum exits exchanges to reach a 5-year low, the number of ETH holders rises steadily through self-custody and staking, solidifying its dominance in TVL and trading volume.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum addresses hit ATH, upswing underway?Ethereum's quest to reach $2,000 encounters obstacles, yet two crucial indicators signal a growing fascination with ETH accumulation and bullish sentiment among traders.
Source: CryptoAmb - 🏆 22. / 68 Read more »
How memecoins affected Ethereum’s gas pricesThe decline in Ethereum gas usage and fees, driven by memecoins and MEV bots, is benefiting NFT trades and impacting ETH holders.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum bulls can force a rally to $2000, but…Ethereum bulls were able to defend the $1880 zone upon a retest and the prices climbed back above $1900 at the time of writing, but buyers should be wary of the lack of demand behind ETH recently.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Will Ethereum Classic’s support level finally cave?Ethereum Classic has hovered over a key support level but weak buying pressure could trigger a bearish breakout.
Source: CryptoAmb - 🏆 22. / 68 Read more »