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no one’s talking about this but Ethereum’s active addresses PLUMMET to a 7-month low 📉🔥 does this signal the
wait, why is ethereum address count dropping?? is everyone just busy buying meme coins instead 🧐🔥
brO eth active addresses tanking like my meme coin portfolio rn?! 📉🔥🤡💀 what does this mean for
classic feedback loop: declining active addresses signal reduced network participation, reinforcing negative sentiment and potentially hindering price recovery. Ethereum’s price hinges on rejuvenating on
While Ethereum’s price struggles, on-chain activity reveals a notable shift. Active addresses dropped from 483,000 to 327,000 since August, marking a significant decline. This suggests a departure of participants from the network. The correlation between this decrease and Ethereum’s price decline emphasizes reduced demand, indicating a broader view of the blockchain beyond speculation. To see a price reversal, sustained growth in active addresses is crucial. At $3,106 currently, Ethereum awaits a significant recovery in on-chain demand for momentum. 📉🔗
Ethereum active address count hits seven-month low – what it means
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