Ethereum active addresses jump 10% in 48 hours
Ethereum shows signs of strength renewed on the chain and in pricing, with active addresses at point and the price of the ETH finally exceeding a level of key resistance which had retained it for more than a week.
According to data Shared by cryptocurrency analyst Carmelo Alemán, between April 20 and April 22, the number of active Ethereum (Ethn) The addresses increased by almost 10%, from around 306,000 to more than 336,000. This increase indicates an increase in the network’s participation at a time when ETH begins to regain an bullish momentum.
Although they are not a guarantee of ascending movement, the endpoints can be an early sign of feeling of change and frequently indicate the growing interests of investors, in particular when they are combined with an increase in prices of prices.
And that’s exactly what we see. ETH finally pushed over the resistance zone of $ 1,650, a level that had acted as a ceiling since mid-April. After a strong daily escape from candles, Eth Price crossed $ 1,790, standing out from the short -term range in which he had been stuck.
Buyers seem to regain control for the first time in weeks. ETH is now negotiated over the 10-day and 20-day mobile averages, which suggests growing strength in the short term. At just over 50, the relative force index indicates a slight bullish impulse without being borrowed.
The convergence / medium mobile divergence also began to show the first signs of a change of trend, becoming slightly positive. However, not all indicators are total. The Stochastic RSI is already approaching at the top of its range, which could point out short -term exhaustion if more buyers do not enter the market.
A key factor to be monitored is Ethereum transaction costs. Network costs remain unusually low, about $ 0.31 on average, according to ycharts data. This indicates that chain demand is still low, even if the network is cheap to use.
However, with active addresses increasing and ETH holding above the previous resistance, the short-term prospects are better than it did in weeks. If momentum Continue, the next major test will be whether ETH can take place around $ 2,000.
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