Ethereum Price Chart Shows Similarities to Bitcoin’s 45% Rally

Ethereum’s network has been seeing increased activity recently, thanks in part to the rise of layer 2 protocols. These protocols are posting more “blobs” on the network, which is a positive sign for those with a bullish outlook on Ethereum.

The surge in network activity is a clear indicator that Ethereum is continuing to grow and evolve. Layer 2 protocols are helping to improve scalability and reduce fees on the network, making transactions faster and more cost-effective for users.

With more “blobs” being posted by layer 2 protocols, it’s clear that Ethereum’s network is becoming more efficient and capable of handling increased demand. This is great news for Ethereum supporters and investors who are optimistic about the future of the network.

Overall, the rise in network activity and the increased use of layer 2 protocols are positive signs for Ethereum. As the network continues to grow and improve, we can expect to see even more exciting developments in the future.