- Ethereum leads in active addresses with 43% dominance.
- ETH has surged by 3.74% over the past week.
Since hitting a local low of $2,379, Ethereum [ETH] has experienced significant gains on the price charts.
The altcoin has also attempted to clear the previous losses to reach a high of $2721.
The recent uptrend may be driven by increased on-chain activities, according to IntoTheBlock. As such, ETH has surged in addresses, outpacing most other altcoins.
Ethereum leads in active addresses
According to IntoTheBlock, Ethereum is currently leading in address dominance. As such, the altcoin leads active addresses by 43%.
Source: X
Amidst this growth, Tron is second with a 27% address dominance, which also signals its growing user base.
Other coins like Tether’s USDT and Toncoin follow with significant engagement in transactions.
Ethereum’s dominance is the reflection of strong network activity and adoption, which is central to a further price rally. Usually, price rises as market fundamentals strengthen.
This analysis indicates that Ethereum is currently the most active blockchain in dApps, DeFi, and NFT suggesting a sustained demand and interest.
Can ETH finally rally?
In most cases, a surge in active addresses leads to higher prices. This has been witnessed over the past week. As such, the prevailing market conditions could set ETH for more gains on price charts.
Source: Cryptoquant
For starters, Ethereum’s Exchange Supply Ratio has declined to hit a monthly low in the past week. This has dropped from a high of 0.145 to 0.141 signaling increased accumulation.
Thus, investors are withdrawing their assets from exchanges to store them in cold wallets, signaling market confidence.
Source: Santiment
Additionally, Ethereum’s MVRV Long/Short difference has remained negative over the past week.
This not only shows that long-term holders are confident with the altcoin’s prospects but also signals the accumulation phase.
What next for Ethereum
According to AMBCrypto’s analysis, Ethereum was currently building a strong upward momentum.
This strong uptrend is evidenced by a declining ADX, while +DI had increased to 26.
Source: Tradingview
In fact, at the time of writing, Ethereum was trading at $2643. This marked a 3.74% increase over the past week.
Read Ethereum’s [ETH] Price Prediction 2024–2025
As expected, a rise in active addresses shows increased demand for the altcoin. As such, if they continue rising, and strengthen its fundamentals. ETH will experience more gains.
Therefore, with a strong uptrend, Ethereum is well-positioned to challenge the $2800 resistance level.
- Ethereum leads in active addresses with 43% dominance.
- ETH has surged by 3.74% over the past week.
Since hitting a local low of $2,379, Ethereum [ETH] has experienced significant gains on the price charts.
The altcoin has also attempted to clear the previous losses to reach a high of $2721.
The recent uptrend may be driven by increased on-chain activities, according to IntoTheBlock. As such, ETH has surged in addresses, outpacing most other altcoins.
Ethereum leads in active addresses
According to IntoTheBlock, Ethereum is currently leading in address dominance. As such, the altcoin leads active addresses by 43%.
Source: X
Amidst this growth, Tron is second with a 27% address dominance, which also signals its growing user base.
Other coins like Tether’s USDT and Toncoin follow with significant engagement in transactions.
Ethereum’s dominance is the reflection of strong network activity and adoption, which is central to a further price rally. Usually, price rises as market fundamentals strengthen.
This analysis indicates that Ethereum is currently the most active blockchain in dApps, DeFi, and NFT suggesting a sustained demand and interest.
Can ETH finally rally?
In most cases, a surge in active addresses leads to higher prices. This has been witnessed over the past week. As such, the prevailing market conditions could set ETH for more gains on price charts.
Source: Cryptoquant
For starters, Ethereum’s Exchange Supply Ratio has declined to hit a monthly low in the past week. This has dropped from a high of 0.145 to 0.141 signaling increased accumulation.
Thus, investors are withdrawing their assets from exchanges to store them in cold wallets, signaling market confidence.
Source: Santiment
Additionally, Ethereum’s MVRV Long/Short difference has remained negative over the past week.
This not only shows that long-term holders are confident with the altcoin’s prospects but also signals the accumulation phase.
What next for Ethereum
According to AMBCrypto’s analysis, Ethereum was currently building a strong upward momentum.
This strong uptrend is evidenced by a declining ADX, while +DI had increased to 26.
Source: Tradingview
In fact, at the time of writing, Ethereum was trading at $2643. This marked a 3.74% increase over the past week.
Read Ethereum’s [ETH] Price Prediction 2024–2025
As expected, a rise in active addresses shows increased demand for the altcoin. As such, if they continue rising, and strengthen its fundamentals. ETH will experience more gains.
Therefore, with a strong uptrend, Ethereum is well-positioned to challenge the $2800 resistance level.
how can i get generic clomiphene get cheap clomid online order cheap clomid how to get cheap clomid tablets cheap clomid pills can i get cheap clomiphene tablets can you buy cheap clomid prices
I am actually enchant‚e ‘ to glance at this blog posts which consists of tons of useful facts, thanks representing providing such data.
This is the description of glad I enjoy reading.
zithromax 500mg price – order azithromycin 250mg generic flagyl where to buy
semaglutide tablet – buy rybelsus cheap cyproheptadine for sale
buy generic motilium – sumycin 250mg pills flexeril where to buy
purchase inderal sale – buy clopidogrel generic buy generic methotrexate online
how to buy amoxil – buy amoxicillin online buy ipratropium 100mcg generic
zithromax brand – purchase zithromax online order nebivolol 5mg
augmentin pill – https://atbioinfo.com/ order ampicillin sale
buy esomeprazole medication – https://anexamate.com/ buy esomeprazole 40mg generic
coumadin cheap – blood thinner cozaar 50mg usa
buy mobic 15mg pill – tenderness order mobic 15mg online
order prednisone 20mg online – https://apreplson.com/ order prednisone 10mg pills
medicine for impotence – buy ed pills cheap ed pills that work
order generic amoxil – buy generic amoxicillin online order amoxicillin generic
diflucan cheap – https://gpdifluca.com/ diflucan without prescription
cenforce 50mg brand – https://cenforcers.com/# cenforce price
when is the best time to take cialis – buying cialis online is tadalafil available in generic form
zantac order – on this site zantac 300mg without prescription
cialis canadian purchase – strong tadafl cialis experience
I am in point of fact enchant‚e ‘ to glitter at this blog posts which consists of tons of worthwhile facts, thanks towards providing such data. propecia espaГ±a
viagra blue pill 100 – best price on viagra 100mg viagra cheap alternatives
With thanks. Loads of conception! brand gabapentin
Greetings! Very productive advice within this article! It’s the scarcely changes which will espy the largest changes. Thanks a lot quest of sharing! https://ursxdol.com/clomid-for-sale-50-mg/
I’ll certainly bring to read more. https://prohnrg.com/product/omeprazole-20-mg/
Proof blog you procure here.. It’s obdurate to on elevated quality script like yours these days. I honestly appreciate individuals like you! Withstand mindfulness!! https://aranitidine.com/fr/en_france_xenical/
This website absolutely has all of the low-down and facts I needed adjacent to this participant and didn’t positive who to ask. https://ondactone.com/simvastatin/
Palatable blog you possess here.. It’s obdurate to find strong worth writing like yours these days. I really recognize individuals like you! Go through vigilance!!
https://proisotrepl.com/product/domperidone/
I couldn’t weather commenting. Warmly written! http://www.01.com.hk/member.php?Action=viewprofile&username=Knbjdx
order forxiga generic – dapagliflozin 10mg us order forxiga for sale
where to buy xenical without a prescription – on this site order orlistat 60mg without prescription