In a notable development indicating a potential change in market direction, the Ethereum (ETH) cryptocurrency has witnessed a significant increase in activity on its network, coinciding with its breakout above a technical resistance level that had limited its gains over the past two weeks, bolstering expectations of a new bullish wave.

Analytical data published by the expert on the "CryptoQuant" platform, Carmelo Aleman, revealed that the number of active addresses on the Ethereum network increased by nearly 10% during the period from April 20 to April 22, rising from about 306,000 to over 336,000 addresses. This increase is viewed as a sign of renewed interest from users and investors, especially in light of supportive price movements.