Ethereum activity surge could be linked to dusting attacks: Researcher

💡 DMK Insight

Ethereum’s recent surge to $3,106.64 raises red flags amid address poisoning claims. If these attacks are indeed exploiting low gas fees, traders need to be cautious. A spike in network activity can often signal bullish sentiment, but if it’s driven by malicious activity, it could lead to sudden sell-offs. Watch for volatility in the coming days, especially if ETH fails to hold above the $3,100 level. If the price dips below this threshold, it could trigger a wave of stop-loss orders, pushing prices down further. On the flip side, if ETH can maintain momentum and break above recent highs, it might attract more institutional interest, but that’s contingent on the network’s stability. Keep an eye on transaction volumes and gas fees as indicators of underlying market health. If gas fees remain low and network congestion persists, it could indicate ongoing vulnerabilities. The next few days will be crucial for determining whether this surge is sustainable or a precursor to a deeper correction.