Ethereum's Daily Active Addresses Soar, Signaling Potential Recovery
Ethereum's on-chain activity has surged, with daily active addresses reaching around 1,089,893 on September 13, the second-highest ever recorded. This spike suggests growing demand for ETH, even amid recent market volatility that pushed its price below $1,700. Ethereum remains attractive to institutional investors, with increasing interest in spot exchange-traded funds. Despite potential short-term challenges, Ethereum's strong fundamentals, liquidity, and central role in blockchain networks position it favorably for the future, although it may continue to face pressure linked to Bitcoin's market trends.
