@keeha
The Declining Trend of Active ETH Addresses: A Reversal is Needed
The value of Ethereum ($ETH) is fundamentally tied to its decentralized network and the active participation of its users. One of the key metrics to measure this engagement is the number of unique active addresses on the network, which can be a valuable indicator of overall market demand and the health of Ethereum's ecosystem.
The chart shows the 14-day moving average of Ethereum's active addresses, which includes both senders and receivers of transactions. Since the end of March 2024, this metric has shown a sharp decline, reflecting a decrease in user activity and transaction volume. This downward trend signals a weakening demand and declining investor participation, contributing to the current bearish sentiment in the market.
0 reply
0 recast
0 reaction