#Ethereum Active Addresses Surge to 2022 High, But Price Drops Below $3,550: What It Means for $ETH Traders

Ethereum is back in the spotlight, but not for the usual reasons. While price action remains subdued, on-chain activity is surging. According to the latest data, Ethereum daily active addresses have spiked to 841,100—a level not seen since 2022. This increase suggests a major uptick in user engagement and transactional interest across the network. However, the price of ETH has not followed suit. In fact, Ethereum has dropped sharply, and technical signals now favor a bearish bias.

Daily Active Ethereum Addresses Hit 841K—Highest Since 2022

A key metric for gauging blockchain engagement is daily active addresses, which counts the number of unique addresses participating in Ethereum (ETH) transfers per day. Hitting 841,100 addresses, this is the highest activity level recorded since 2022, a period marked by NFT mania and DeFi growth.

Until recently, Ethereum’s daily address count had stagnated around 600,000, reflecting a consolidation in on-chain usage. The recent spike breaks that range dramatically, signaling renewed interest—but not necessarily positive price momentum.

Important Note: This surge doesn’t distinguish between buyers and sellers. Both contribute to the transaction count, meaning increased activity could just as likely indicate panic selling as it could buying interest.

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