Definition ∞ An ETH demand spike indicates a sudden and substantial increase in the desire for Ethereum’s native cryptocurrency, Ether (ETH). This heightened demand can result from various factors, including increased network activity, rising interest in decentralized applications, or speculative buying. Such a spike typically leads to upward price pressure on ETH.
Context ∞ News reports often highlight an ETH demand spike as a critical indicator of the Ethereum network’s health and utility. This phenomenon can drive up transaction fees and network congestion, providing valuable context for understanding market dynamics and the operational state of the world’s largest smart contract platform.
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