Ethereum Active Address Dey Near 2-Year Peak as USDT Volume Dey Rise
Ethereum daily active addresses don rise from 841,100 to pass 931,000, wey mark one year and near two year high. On-chain data from Santiment and Sentora talk sey the metric don break pass e 600,000 consolidation level. Before, when Ethereum daily active addresses spike, e dey usually show sey yawa fit gas come. After the last increase, ETH price drop small like 3.5% go about $3,650. Meanwhile, Glassnode talk sey USDT 30-day moving average transfer volume don recover reach $52.9 billion. Even with the bounce back, Ethereum dey behind Tron (TRX) and BNB for stablecoin flows. Traders suppose dey watch Ethereum daily active addresses and USDT transfer volume as signs for market momentum and trading chances.
Neutral
Di yawa wey di Ethereum daily active address dem dey increase mean say more people dey engage for di network, wey good sign for di long-term foundation. But di 3.5% price drop and di chance for volatile movement show say short-term things still dey uncertain. Even though di USDT transfer volumes dey rise and show say trade interest dey increase, Ethereum still dey behind Tron and BNB when e come to stablecoin flows. Overall, dis mix signals mean say e no go affect ETH price well-well, because traders fit face more wahala for price movement before clear trend show.