1. Daily Active Addresses
As of May 24, 2025, the number of daily active addresses on the Ethereum network was approximately 443,320, according to YCharts data. This represents a 6.88% increase from the previous day, indicating increased activity on the network.
---
2. Exchange Netflows
Santiment data indicates that net flows of Ethereum to exchanges remained negative over the past week, with approximately $1.2 billion in Ethereum withdrawn from centralized exchanges. This trend is considered bullish, as it shows that investors prefer to keep their assets away from exchanges, reducing selling pressure.
---
3. 30-Day MVRV Ratio
According to Santiment, the 30-day MVRV Ratio for Ethereum was 32.5%, indicating that investors who bought Ethereum in the last thirty days are making significant profits. This level is typically considered high and may signal a potential price correction in the near future.
---
Summary
Increase in active addresses: reflects renewed interest in using the Ethereum network, whether in decentralized applications or daily transactions.
Negative net flows: indicates that investors are withdrawing Ethereum from exchanges, which reduces the available supply for sale and may support prices.
High MVRV Ratio: indicates that many investors are in profit, which may lead to profit-taking and therefore a potential price correction.
What do you think about these indicators? Do you believe Ethereum will continue its rise or are we on the verge of a correction? Share your predictions in the comments!
#Ethereum #OnChainAnalysis #Glassnode #Santiment #CryptoInsights
