If we take a close look at the latest developments in Ethereum: First of all, the price has rebounded from the important support area around the average cost base of $2,392 of Binance deposit addresses and is currently positioned around $2,516.

One of the biggest supports for this rebound is that a single wallet purchased $800 million worth of ETH, which created surprise in the market. At the same time, it is noted that ETH ETFs have recorded the highest cumulative inflows to date, yet strangely, this development is not receiving much attention from analysts.

Another factor supporting the increased market interest in Ethereum is that there was a 16% increase in the number of active users last week. This is a strong indication that the activities on the Ethereum network are picking up speed again. When these data points are combined, it clearly shows us that the interest in the market is reviving. #ethereum