#ETH The number of active addresses on the Ethereum blockchain has increased by 10%

In the last 48 hours, the number of active addresses on the Ethereum blockchain surged by nearly 10% from almost 306,000 to over 336,000. The number of network participants is growing as the leading altcoin rises in price.

An increase in address activity does not guarantee the growth of the cryptocurrency, but it often indicates a growing interest from investors, especially when combined with rising prices. This is what we are observing. Ethereum has finally managed to break through the resistance zone at $1650, which has served as a ceiling since mid-April. After a strong breakout of a daily green candle, the price of ETH crossed the $1790 mark, exiting the short-term range in which it was stuck.