😵💫 ETH EXPLODES IN TRADING – BUT BE CAREFUL OF “FAKE DATA” 👀
🔥 Recently, the Ethereum (ETH) network recorded a record high in transactions & active addresses. Sounds bullish… but the reality is a bit “bitter” 😅
🧪 The truth behind the on-chain spike:
• Gas fees dropped sharply after the Fusaka upgrade
• Hackers took advantage of low fees to spam address poisoning
• Sending “dust” < $1 to insert fake addresses into transaction history
👉 Users mistakenly copy → real money disappears
📊 Notable figures:
• ~2.9 million transactions/day (close to ATH)
• +2.7 million new addresses/week (+170% compared to normal)
• ~80% of activity comes from stablecoins
• 3.86/5.78 million addresses received “dust” on the first transaction
• At least 10,000 wallets participated in distributing dust via smart contract
📉 What about the ETH price?
• ETH breaks below $3,000
• Derivatives wiped out $265M (Longs accounted for $249M)
• Lost EMA 20 & 50, broke the ascending triangle
• Nearest support: $2,880
• Weak RSI, Stoch oversold → may see a short-term technical rebound but the trend is not strong
📌 In summary:
On-chain looks lively, but most of it is spam. The ETH price does not reflect “ultrasound money,” but rather reflects… harsh reality 😬
😄 This article is for reference only, not investment advice. Don’t copy addresses indiscriminately, and don’t guess ETH prices — the market loves to troll a lot!
#Ethereum #OnChainData #CryptoSecurity #ETHPrice #blockchain