Ethereum Active Addresses Hit All-Time High: Is That Bullish For ETH?
Ethereum (CRYPTO: ETH) active addresses hit an all-time high of 718,000 on the 7-day moving average as ETH consolidates, creating a bullish divergence that historically signals price gains are coming.
Record Network Activity vs. Flat Price
Ethereum’s 7-day simple moving average of active addresses surged to 718,000—a new all-time high that shows massive user demand and network interaction.
The divergence is striking: network activity is exploding while price consolidates.
ETH is up 3% today, but hasn’t broken out of its range despite record participation.
Historically, this kind of divergence acts as a leading indicator for bullish price moves. Network growth tends to precede price appreciation as fundamental utility strengthens.
The surge suggests Layer-2 adoption, renewed DeFi activity, or fresh retail interest is driving usage. The network is vibrant—the market just hasn’t repriced ETH to reflect it yet.
Bloomberg’s Mike McGlone Sees …
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