Ethereum Active Addresses Reach 3-Month High, Pointing to Potential Price Increase

Ethereum (ETH) price has been fluctuating, according to CoinMarketCap data, it recently decreased by 0.75% and recorded a monthly decrease of 6.40%.

Crypto analyst Ali Martinez detected potential bullish signals on the Ethereum network.

The number of active addresses on Ethereum has increased significantly, breaking a quarterly record, and this may positively affect price dynamics.

Active Addresses in Ethereum Reached a 3-Month Peak

According to an X post by well-known analyst Ali Martinez on June 22, Ethereum's active addresses increased to 617,170 addresses, the highest level in the last three months. This data shows a significant increase in user activity on the Ethereum blockchain based on information from Santiment.#Ethereumexperienced the largest increase in active addresses $ETH in the last three months, reaching a total of 617,170 active addresses #ETH .

Such an increase in active addresses generally represents increased network activity and could be considered a significant development, especially considering Ethereum's disappointing performance over the past month. The increase in network activity could theoretically increase ETH demand and lead to the price rebounding from the current $3,400 to $3,600 squeeze.

📈📉 #Ethereum✅ $ETH