Into the Ether

Key Takeaways

After playing second fiddle to Bitcoin during the leading cryptoasset's run at all-time highs in late October, ETH finally got its moment in the spotlight as it surged from below $4,000 last week to reach a new all-time high.Activity on the Ethereum network has increased dramatically in recent weeks as reflected in transaction count and fees paid, indicating increased demand for blockspace.Bullish supply dynamics are also supporting ETH price. The Ethereum network surpassed 750,000 ETH burned since the implementation of EIP 1559 and experienced its first week of net negative ...