Ethereum ($ETH) is showing signs of potential growth towards $4,500, driven by an increase in network activity and the expansion of decentralized finance (DeFi). The recent uptick in user engagement and transaction volume on the Ethereum network has created a more positive market outlook. Analysts are noting that this bullish trend is underpinned by strong fundamentals, which may support further price appreciation. As DeFi applications continue to gain traction, they are contributing significantly to the overall activity within the Ethereum ecosystem. The rise in DeFi projects has attracted users and investors, enhancing Ethereum’s market position. The combination of increased network usage and DeFi growth suggests a favorable environment for Ethereum’s performance.
