Ethereum Transactions Don Jump Reach 1.7M as Supply Tighten
Ethereum transactions don jump reach about 1.7 million daily, wey be one year high for network use. More active and new addresses show say people really dey use am well well and the demand for block space still dey strong. Meanwhile, the EIP-1559 upgrade dey burn ETH, make net emissions near neutral and e dey help make supply tight. On-chain analytics still show say Ethereum strategic reserve don rise from $200 million for April reach $10 billion now, wey mean say accumulation strong and confidence dey long term. Despite market wahala and slow price movement, these Ethereum transactions plus on-chain fundamentals show say Ethereum fit dey enter new bull phase. Traders suppose dey watch key metrics like transaction counts, address growth, and net supply changes to sabi wetin fit happen next.
Bullish
Di sharp rise for di daily transactions reach 1.7 million, join together with di increase for active and new addresses, e show say di on-chain usage dey quicken, e no be only speculative noise. EIP-1559 ongoing burn mechanism don push net ETH emissions come near zero, e dey tighten supply — na di kind thing wey dey always show price go rise before. Di ten times increase for Ethereum strategic reserve from $200 million to $10 billion still show say big holders dey accumulate wella. Together, these on-chain metrics dey signal say demand strong and supply tight, e dey create beta bullish background. For short term, traders fit see momentum-driven gains as sentiment dey turn positive. For long term, steady network adoption and supply tightening dey support higher price floor and fit bring new all-time highs.