Ethereum Activity Hits 7-Month Low: Active Addresses Drop 32% From August Peak
Ethereum is struggling to regain traction as it continues to trade below the critical $3,200 level, weighed down by persistent selling pressure and growing macro uncertainty. Market sentiment has deteriorated notably in recent weeks, with many analysts increasingly calling for a broader bear market phase. From a structural perspective, ETH remains below several key technical […]
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Ethereum is trading below the $3,000 level as selling pressure continues to weigh on the broader crypto market. After weeks of unstable price action, ETH has failed to reclaim key psychological and technical levels, reinforcing a fragile market structure. Related Reading: Ethereum Activity Hits 7-Month Low: Active Addresses Drop 32% From August Peak Sentiment remains […]
While the Ethereum price still struggles to mount a sustained bullish momentum, an investigation into its on-chain activity has revealed a significant change in the behavior of its market participants. Active Addresses Decline To 327,000 From 483,000 August High In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain shared that there has been a growing scarcity of activity within the Ethereum network. Specifically, the quant referenced data obtained from the Ethereum Active Addresses metric, observed on the 7-day Simple Moving Average. Related Reading: If This....
Ethereum flips Bitcoin by another metric as active addresses plummet. The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000.The collapse in activity has seen Ethereum overtake Bitcoin by number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on July 27.It is the third time this month, with Ethereum also having overtaken Bitcoin by the metric June 5, 2021, and June 6, 2021. The previous time ETH was in the lead was at the beginning of 2017.Twitter....
Cardano has recorded a significant uptick in active addresses in recent days. This comes despite the negative news that has surrounded the digital asset following news of mid-sized crypto exchange eToro demising the altcoin for U.S. users. This has sent the price of the asset barreling downwards towards points that had not been touched in the past three months. The downtrend in the cryptocurrency had opened up an opportunity for investors to snatch up ADA at discounted prices before the expected bounce back. In addition to expected releases of decentralized applications (DApps) on the....
In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals. Artemis, an institutional data platform for digital assets, shows that the number of daily active addresses on NEAR Protocol has been consistently above the 400,000 level in September. Daily Active Addresses On NEAR Protocol Surging Looking closer at the data confirms that the number of daily active addresses on Ethereum, the pioneer smart contract platform that hosts most decentralized....