#GENIUSActPass *๐ ETH Network Growth surges ๐*
Ethereum's overall network growth has skyrocketed with about a million new addresses added every week since May ๐ and now the Senate's passage of the GENIUS bill has sent the market into a buying frenzy ๐ฅ
*Key Takeaways ๐*
- ETH is currently trading at $2,500 despite about a month-long new address growth ๐
- Passage of GENIUS bill has gone one step forward in defining rules around digital assets ๐
- Address growth in wake of recent positive events in the Ethereum ecosystem ๐
- Trump is encouraging the House Republicans to pass it โLIGHTNING FASTโ โก๏ธ
*Market Shift Outlook ๐*
- ETH could crash if it were to lose the lower border of an important channel โ ๏ธ
- Support levels to watch: $2,260 - $2,110 area with the 100-Day SMA providing support ๐
- The increased overall participation is positive due to clearer regulatory guidance in the U.S ๐
*Stay Updated! ๐*
#ETH #GENIUSActPass #Ethereum #CryptoMarket #RegulatoryClarity
