Recent macro pressure from rising oil prices and a stronger dollar has weighed on risk assets, including major cryptocurrencies. đ
$ETH, as the secondâlargest digital asset, often mirrors Bitcoinâs moves, and its network activity has shown a slight dip in daily active addresses this week. đ
Despite the pullback, the Ethereum Shanghai upgrade recently enabled staked ETH withdrawals, enhancing liquidity options for validators. âĄ
Onâchain data indicates a modest increase in gas fees, suggesting sustained demand for DeFi and NFT transactions on the platform. đĄ
Institutional interest remains evident, with several large custodians reporting continued $ETH holdings amid the market turbulence. đ
As always, DYOR before forming any view on how broader macro trends may influence the Ethereum ecosystem. đ§
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