Ethereum: Will ETH defeat bears despite the ongoing capitulation

As per the latest data released by Santiment, on 7 May, the Ethereum network experienced a 3.4 times rise in the number of transactions as compared to any other day.

The tweet further went out to state that with the ongoing market capitulation, this is the first time in the last 3.5 years that the ETH token has witnessed this volume of transactions in a single day.

Ether at the moment

The token, at press time, was in the green, but it hasn’t performed quite well in the last four weeks, to…


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