Daily active addresses for Ethereum have doubled, indicating increased participation in the network

According to BlockBeats, analyst @alicharts reports that daily active addresses for Ethereum have doubled over the past two weeks, surpassing 800,000. This indicates a renewed increase in network participation. Recently, the most concentrated buying ranges for Ethereum ETF investment funds are between 3,119$ and $2,772, proving that this range is a key support area. From a technical perspective, Ethereum continues to consolidate within a triangle pattern on the daily chart. As long as the price remains above the support level of $3,085, a breakout through the resistance level of 3,400$ could lead to a move toward $3,660, with the potential for additional gains up to $4,000.