The second-largest cryptocurrency by market capitalization, Ethereum (ETH), is suddenly trading in the green.
Ethereum, in example, has experienced a market capitalization increase of almost $20 billion in the last seven days.
According to CoinMarketCap, comparing the market value of the DeFi asset on March 10 to the current overall market value of ETH, which stands at $332.17 billion at the time of posting on March 17, results in a total influx of $20.45 billion.
Eth is currently selling at $2,768 per coin, up 3.38 percent today and 6.55 percent in the previous week.
According to data from crypto analytics firm Santiment, Ethereum’s utility has not decreased.
Indeed, the platform tweeted on March 16 that the number of daily active addresses (DAA) for Eth has stayed consistent over the last four months, despite the cryptocurrency’s price dropping by roughly 35%.
The difference between the DAA and the price of Ethereum has resulted in a bullish divergence for the main smart contract platform.
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