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Ethereum faces recent selling pressure and increased volatility, retracing more than 11% from its all-time high. Analysts believe the fundamentals remain strong, with record monthly transactions reaching 46,990,000. Despite short-term market uncertainty, the network shows resilience and continuous adoption, especially in DEFI and NFTs. This data suggests Ethereum’s long-term trajectory remains intact. Institutional interest and global adoption further support Ethereum as a key player in decentralized finance. Key support levels and whale accumulation could pave the way for a potential move above $5,000.
Ethereum the request increases as monthly transactions reach a new record of all time
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