Increasing Activity in Ethereum Derivatives Market
Bybit representatives indicated that Ethereum has gained noticeable momentum in its derivatives market. Following the “deleveraging” process that occurred in mid-November, Ethereum’s derivative positions have revived. This recovery suggests a growing confidence in the markets.
Significant Increase in Ethereum Network Activity
The Ethereum network has experienced notable revitalization in recent months. In December, an average of 130,000 new addresses were created daily on the network, representing the highest level in the past eight months. Analysts suggest this trend has rekindled interest in Ethereum.
According to Bybit’s report, increased network activity and high demand are among the most critical factors supporting Ethereum’s market performance. The report states, “The permanence of Ethereum at these levels supports the increase in new address creation. It may positively influence long-term price movements.”
Ethereum’s market movements seem likely to remain on the radar of both individual and institutional players in the new year. The aspects where it gains an advantage against Bitcoin emerge as key elements supporting Ethereum’s potential future success.
As expectations for Ethereum’s future remain positive, the increase in derivatives market volume and network activity provides significant clues for long-term projections.