Shoutout to Ethereum LTH, target for 2030 could be $15…
ambcrypto.comEthereum [ETH], the largest altcoin continues to showcase vital signs of life. At press time, ETH surpassed the $1.5k mark with a 1.51% surge over the last day. It has seen a 44.35% rise in the past seven days.
Nevertheless, despite the recurrent green candles, the industry experts’ sentiment concerning the altcoin remains mixed with bullish and bearish cues.
The flagship network suffered significantly in 2022, especially if one considers the loss of billions (of dollars) from its market capitalization. Even so, ETH fundamentals have tried to put up quite a strong front despite macro headwinds.
Firstly, it should be noted that ETH’s development activity remains strong despite volatility.
Source: Santiment
Also, the respective daily active addresses have remained robust regardless of countless corrections throughout the past few months.
Source:Santiment
On the whole, both of these indicators showcase that the supply side is going hand-in-hand with demand.
<p lang=«en» dir=«ltr» xml:lang=«en»>$ETH Fundamentals still appear quite strong despite macro headwindsChart 1: Development activity remains strong despite volatility
Chart 2: Daily active addresses also remain robust
Supply side
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