What’s going on with Ethereum’s addresses? Taking a closer look

Category: Cryptocurrency

Ethereum's daily active addresses have decreased to around 395,000, following a peak of over 700,000 in June. This decline suggests a slowdown in network activity, with sellers dominating trading as more ETH is moved to exchanges, indicating a readiness to sell. The price of Ethereum has also declined by over 1.4%, marking a bearish trend.

Keywords: Ethereum, active addresses, ETH price decline

Source: AMBCrypto

Update At: 8/5/2024

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