Ethereum active addresses spiked by 89K to reach 389K in the last 24 hours, signaling a return of on-chain participation. Simultaneously, 63% of ETH supply is currently in profit, with on-chain profit volume hitting $1.70 million on October 18th. The funding rate has reached a new weekly high at 0.007, reflecting bullish expectations among investors. ETH is testing a key support zone at $2,330 and is currently trading around $2,429, with a potential target of $2,800 if this support level holds.
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