As the market is recovering from crash there are more even bullish signals on Ethereum lets list out why
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Top 8 metrics that signal a bullish Ethereum are...
Ethereum has now more daily active address more than ever reaching more than 500k daily active addresses.
Ethereum has by far the highest gas fees in the crypto market even more than bitcoin which is by the way no 1 crypto, it is a clear sign that Ethereum has more use cases and it is the most useful network in the world.
Ethereum blockspace has rising demand day by day and more than 80 billion gas is being used on a daily basis.
Almost all stablecoins is based on Ethereum as an erc20 token, currently more than $16 billion stablecoins have been issued on Ethereum and the figure is rising as stablecoin demand increases.
Defi - since the defi boom from the start of the year there are now more than 1Million defi users and it is also increasing as most defi platforms are based on Ethereum.
Defi ecosystem is maturing rapidly as a cause there is now more than $14billion total value locked in defi.
A total of more than 150k $btc has been ported to Ethereum as an wrapped bitcoin or some other erc 20 token. This is a sign that Ethereum is becoming an economic vacuum for all assets.
Decentralized finance like uniswap have done $20billion in volume over tha last 30 days bringing their combined total to $86billion this year.
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