It is estimated that there were about 1.06 million ETH transaction addresses on Tuesday alone. That's a 48 percent increase from the previous record, but the team is still not sure what caused the spike in activity.
This may be the reason why ETH currently ranks first in the trending list on CoinMarketCap, joining digital currencies such as Grove (GVR) and GreenSatoshiToken (GST).
ETH is trading at $1,635 after rising 13.25% over the past 24 hours, according to CoinMarketCap data. The price converted to around $0.07098BTC. ETH also reached a high of $1666 at $88 during the same period.
ETH is looking green as the altcoin jumped 10 last week. .17% have risen 38%.56% over the past 30 days.
When looking at the market cap, ETH is currently $200, 246, 225, 953.
The 24-hour trading volume of ETH has also increased by about 47. Currently it is 24, 877, 953, 626 US dollars,
As ETH breaks through the $1,600 price, there is immediate resistance around $1,675, and the main resistance is at the $1,735 area. ETH price above $1735 may push the price even higher to the $1800 resistance zone.
On the other hand, assume that ETH could lead to a downside correction if the price fails to rise above $1,675.
