Ethereum Active Addresses Near 2-Year Peak as USDT Volume Rises
Ethereum daily active addresses have surged from 841,100 to over 931,000, marking a one-year then near two-year high. On-chain data from Santiment and Sentora indicates the metric has broken above its 600,000 consolidation level. Historically, spikes in Ethereum daily active addresses often signal upcoming volatility. After the latest uptick, ETH price dipped about 3.5% to around $3,650. Meanwhile, Glassnode reports USDT’s 30-day moving average transfer volume recovered to $52.9 billion. Despite the rebound, Ethereum trails Tron (TRX) and BNB in stablecoin flows. Traders should monitor Ethereum daily active addresses and USDT transfer volume as leading indicators for market momentum and trading opportunities.
Neutral
The surge in Ethereum daily active addresses indicates growing network engagement, a bullish signal for long-term fundamentals. However, the accompanying 3.5% price dip and potential volatility suggest short-term uncertainty. While rising USDT transfer volumes reflect renewed trading interest, Ethereum still lags behind Tron and BNB in stablecoin flows. Overall, these mixed signals imply a neutral impact on ETH’s price, as traders may experience increased volatility before a clear trend emerges.