Recently, the Ethereum network has been quite lively. Data shows a surge in new user activity, with activity retention doubling over the past month, jumping from 4 million directly to 8 million, indicating a significant influx of new wallets.

On-chain data is even more intuitive. Over the past year, Ethereum's daily active addresses have skyrocketed from 410,000 to 1 million, with daily transaction volume soaring to 2.8 million—an increase of 125% compared to the same period last year. This growth rate is no joke.

Why is it growing so rapidly? An important driving force is the surge in stablecoin usage. Transaction fees have decreased, encouraging more people to operate on the chain, creating a virtuous cycle.

From market sentiment, Ethereum's confidence indicators are improving. Many on-chain analyses believe that this strong fundamental, combined with continuous ETF fund inflows, could break through the current price resistance level. On-chain activity, capital flow, and market sentiment are all moving in a positive direction.