Ethereum's Network Sees a Surge of Active Addresses by 10%

Amid signs of recovery and price correction in April, Ethereum's network activity has increased with a 10% jump in active addresses, from 306,211 to 336,366 in two days, according to CryptoQuant.

This surge and rise in Ether prices point to heightened interest and activity in the blockchain. Ethereum's growth is likely to influence the broader altcoin ecosystem and stimulate further growth in decentralized applications and projects built on the network. However, Ethereum faces selling pressure, particularly at the $1,895 price level, which coincides with a broader trend of institutional offloading.

Despite recent outflows, Ethereum has seen positive net inflows of $215 million year-to-date.