RATE Group | Here’s What Ethereum’s Daily Active Address Count Says About its Upswing
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Here’s What Ethereum’s Daily Active Address Count Says About its Upswing

15 May Here’s What Ethereum’s Daily Active Address Count Says About its Upswing

Posted at 04:25h in Cryptocurrency News by

Ethereum has seen a slight climb higher that has allowed it to surmount the $200 region. This momentum has been primarily rooted in that seen by Bitcoin, which tapped $10,000 overnight before seeing a slight decline that led it to $9,600.

Although ETH has underperformed Bitcoin today, it is important to note that its climb above $200 appears to open the gates for it to see further upside in the near-term.

It still faces some immense resistance, however, and buyers have their work cut out for them if they want to spark another sharp uptrend.

One interesting trend that could offer some insight into where ETH goes next is its daily active address count, which has historically declined as soon as the crypto reaches the lower-$200 region.

If this trend doesn’t replicate itself, it could signal that the crypto is poised to rally higher.

Ethereum Climbs Past $200 as Heavy Resistance Looms

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