{"id":625982,"date":"2024-06-23T03:30:37","date_gmt":"2024-06-23T03:30:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=625982"},"modified":"2024-06-23T06:39:36","modified_gmt":"2024-06-23T06:39:36","slug":"ethereum-eth-records-surge-in-active-addresses-incoming-price-rebound","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/all\/ethereum-eth-records-surge-in-active-addresses-incoming-price-rebound\/","title":{"rendered":"Ethereum (ETH) Records Surge In Active Addresses – Incoming Price Rebound?"},"content":{"rendered":"

Ethereum (ETH) is currently down by 0.75% as its price continues a range-bound movement seen all week. However, in its monthly timeframe, the most prominent altcoin displays a concerning performance with a reported loss of 6.40% according to data from CoinMarketCap<\/a>.\u00a0<\/span><\/p>\n

However, popular crypto analyst Ali Martinez has picked up a notable development on the Ethereum network which could spell good fortunes for price action in the coming days.
\n<\/span><\/p>\n

Related Reading: Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish<\/a><\/div>\n

Ethereum Active Addresses Soar To 3-Month High At 617,170<\/strong><\/h2>\n

In an X post<\/a> on June 22, Martinez reported a significant spike in the active addresses on the Ethereum blockchain.\u00a0<\/span>Using data from blockchain analytics company Santiment, the crypto analyst noted there were 617,170 active Ethereum users on June 21, marking the highest value for this metric in the past three months.<\/span><\/p>\n

\n

#Ethereum<\/a> just saw its largest spike in active $ETH<\/a> addresses in three months, reaching a total of 617,170 active #ETH<\/a> addresses. pic.twitter.com\/CSqBOnQhEr<\/a><\/p>\n

\u2014 Ali (@ali_charts) June 22, 2024<\/a><\/p><\/blockquote>\n

This development has sparked much speculation in the Ethereum community as a rise in active addresses often signifies an increase in network activity which is quite important following Ethereum’s overall negative performance in the last month.\u00a0<\/span><\/p>\n

In theory, this is a positive omen for ETH\u2019s price as higher activity corresponds with a rise in user transactions thus driving higher demand for the cryptocurrency and ultimately producing a price rebound. <\/span>Many Ethereum enthusiasts would likely hope that this turns out to be the case when the altcoin breaks out of its current condition between $3,400 and 3,600.
\n<\/span><\/p>\n

Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO<\/a><\/div>\n

ETH Propped For Major Rebound\u00a0<\/strong><\/h2>\n

In other news, another crypto analyst Micha\u00ebl Van De Poppe has also added to Ethereum’s chances of staging market recovery. <\/span>Using the ETH\/BTC price chart, van De Poppe stated<\/a> that as long as ETH trades above the 0.05 price mark, the token\u2019s downtrend is set to undergo a reversal soon.\u00a0<\/span><\/p>\n

Currently, ETH trades around $3,504.42 with a 1.56% decline in the past week. Notably, the token\u2019s daily volume is down by a staggering 52.93%, presently valued at $7.50 billion.<\/span><\/p>\n

If the bulls are able to mount massive pressure forcing an upward breakout, ETH may return to the $4,000 last seen in March. However, if the bears retain market control, Ethereum could fall as low as $3000, representing a potential 14% decline from its current price.<\/span><\/p>\n

It’s worth stating that all predictions are merely speculations and offer no guarantee. Investors are admonished to conduct proper research before buying any asset.<\/p>\n

\"Ethereum\"<\/p>\n

ETH trading at $3,511 on the daily chart | Source: ETHUSDT chart on Tradingview.comFeatured image from, chart from Tradingview<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is currently down by 0.75% as its price continues a range-bound movement seen all week. However, in its monthly timeframe, the most prominent altcoin displays a concerning performance with a reported loss of 6.40% according to data from CoinMarketCap.\u00a0 However, popular crypto analyst Ali Martinez has picked up a notable development on the Ethereum network which could spell good fortunes for price action in the coming days. Related Reading: Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish Ethereum Active Addresses Soar To 3-Month High At 617,170 In an X post on June 22, Martinez reported a significant spike in the active addresses on the Ethereum blockchain.\u00a0Using data from blockchain analytics company Santiment, the crypto analyst noted there were 617,170 active Ethereum users on June 21, marking the highest value for this metric in the past three months. #Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com\/CSqBOnQhEr \u2014 Ali (@ali_charts) June 22, 2024 This development has sparked much speculation in the Ethereum community as a rise in active addresses often signifies an increase in network activity which is quite important following Ethereum’s overall negative performance in the last month.\u00a0 In theory, this is a positive omen for ETH\u2019s price as higher activity corresponds with a rise in user transactions thus driving higher demand for the cryptocurrency and ultimately producing a price rebound. Many Ethereum enthusiasts would likely hope that this turns out to be the case when the altcoin breaks out of its current condition between $3,400 and 3,600. Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO ETH Propped For Major Rebound\u00a0 In other news, another crypto analyst Micha\u00ebl Van De Poppe has also added to Ethereum’s chances of staging market recovery. Using the ETH\/BTC price chart, van De Poppe stated that as long as ETH trades above the 0.05 price mark, the token\u2019s downtrend is set to undergo a reversal soon.\u00a0 Currently, ETH trades around $3,504.42 with a 1.56% decline in the past week. Notably, the token\u2019s daily volume is down by a staggering 52.93%, presently valued at $7.50 billion. If the bulls are able to mount massive pressure forcing an upward breakout, ETH may return to the $4,000 last seen in March. However, if the bears retain market control, Ethereum could fall as low as $3000, representing a potential 14% decline from its current price. It’s worth stating that all predictions are merely speculations and offer no guarantee. Investors are admonished to conduct proper research before buying any asset. ETH trading at $3,511 on the daily chart | Source: ETHUSDT chart on Tradingview.comFeatured image from, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[92631,87818,1946,8686,78803,92630],"class_list":["post-625982","post","type-post","status-publish","format-standard","hentry","category-all","tag-active-address","tag-ali-martinez","tag-ethereum","tag-ethusd","tag-ethusdt","tag-van-de-poppe"],"acf":[],"yoast_head":"\nEthereum (ETH) Records Surge In Active Addresses, Incoming Price Rebound?<\/title>\n<meta name=\"description\" content=\"analyst Ali Martinez has stated a development on the Ethereum network which could spell good fortunes for price action in the coming days.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/uniquehot.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum (ETH) Records Surge In Active Addresses – Incoming Price Rebound?","url":"http:\/\/uniquehot.com\/all\/ethereum-eth-records-surge-in-active-addresses-incoming-price-rebound\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/all\/ethereum-eth-records-surge-in-active-addresses-incoming-price-rebound\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"All","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["active address","ali martinez","ethereum","ethusd","ethusdt","van de poppe"],"dateCreated":"2024-06-23T03:30:37Z","datePublished":"2024-06-23T03:30:37Z","dateModified":"2024-06-23T06:39:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum (ETH) Records Surge In Active Addresses – Incoming Price Rebound?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/all\\\/ethereum-eth-records-surge-in-active-addresses-incoming-price-rebound\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/all\\\/ethereum-eth-records-surge-in-active-addresses-incoming-price-rebound\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"active address\",\"ali martinez\",\"ethereum\",\"ethusd\",\"ethusdt\",\"van de poppe\"],\"dateCreated\":\"2024-06-23T03:30:37Z\",\"datePublished\":\"2024-06-23T03:30:37Z\",\"dateModified\":\"2024-06-23T06:39:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/625982"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=625982"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/625982\/revisions"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=625982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=625982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=625982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}