Ethereum's daily active addresses surged to 841,100, the highest since 2022, suggesting increased user engagement but preceding a notable price drop.
Ethereum's daily active addresses have reached 841,100, the highest since 2022, according to recent data. This spike indicates heightened user engagement but has historically preceded volatility, as evidenced by a subsequent drop in ETH price below $3,500. Additionally, while USDT transfer volume has increased, Ethereum's share has declined, suggesting a shift towards lower-fee chains for stablecoin transactions.