According to Foresight News, Ethereum's active supply (i.e., the supply that has been transferred from one wallet to another over a period of time) is currently at a historical low in a year or more. The 30-day and 90-day active Ethereum supply is also close to its historical low, down more than 50% from its peak. However, Ethereum's new address count in March still rose, with 3.66 million new addresses, the highest since November 2021.