Data analysis published by expert Carmelo Aliman on the "CryptoQuant" platform revealed that the number of active addresses on the Ethereum network increased by nearly 10% from April 20 to April 22, rising from about 306,000 to over 336,000 addresses. This rise is seen as a sign of renewed interest from users and investors, especially in light of supportive price movements.

After a period of fluctuation within a narrow range, ETH managed to surpass the resistance level of $1,650, driven by strong buying momentum that led to breaking the technical barrier and rising above $1,790, marking an exit from the stagnation that prevailed since mid-month.

Conversely, the Moving Average Convergence Divergence (MACD) indicator shows initial signs of a trend shift to the upside, while the Stochastic RSI indicator approaches its peak, which may indicate the possibility of a temporary pullback unless buying momentum is renewed.

Despite this activity, transaction fees on the Ethereum network remain at low levels, with an average of only $0.31, according to YCharts data, reflecting the continued weak demand for actual on-chain usage, despite improved investor sentiment.