ETHGas surged over 36% as activity on the Ethereum network rebounded, especially its share of all DeFi loans. GWEI broke above a resistance at $0.01983 as price movement became more volatile with increasing buying activity. Ethereum’s DeFi lending dominance has risen to 67% of all on-chain borrowing, with L2 solutions like Arbitrum One and Optimism contributing to the spike. Trading volume rose over 308% to $30.72 million, and ETH climbed near $1,905, outperforming Bitcoin and the broader crypto market. The token faces resistance at $0.028, but a Long/Short Ratio of 1.91 on Binance suggests buying pressure may continue.
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