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ethaddr
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Market Movers, don't let the chaos distract you from the hidden signal buried beneath the Zcash bug news and Bitcoin's sudden drop.
While most traders are caught up in the panic selling, let's take a look at the on-chain data: the number of active Ethereum addresses has dropped to a 13-month low. #ethaddr #ethereum
This isn't just a price signal; it's a signal of a lack of buyer appetite, which could lead to a deeper pullback. If Ethereum continues its downward trend, a potential next stop is $1,400 - a level not seen since February 2025.
The watch list is the Ethereum spot price: keep a close eye on it and monitor the support at $1,500.
One question to keep in mind: will we see a bounce at the next macro milestone, or is this the start of a more sustained downturn?
While most traders are caught up in the panic selling, let's take a look at the on-chain data: the number of active Ethereum addresses has dropped to a 13-month low. #ethaddr #ethereum
This isn't just a price signal; it's a signal of a lack of buyer appetite, which could lead to a deeper pullback. If Ethereum continues its downward trend, a potential next stop is $1,400 - a level not seen since February 2025.
The watch list is the Ethereum spot price: keep a close eye on it and monitor the support at $1,500.
One question to keep in mind: will we see a bounce at the next macro milestone, or is this the start of a more sustained downturn?
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