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Ethereum showed evidence of a new momentum this week, as the network activity was reflected and the price was done after a slow extension. The second largest encrypted currency in the end invented a critical price barrier that restricts its progress for more than a week.
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Active addresses of about 10 %
According to statistics from the Cryptoquant Carmelo Alemán analyst, ETHEREUM has witnessed a noticeable increase in the user’s activity between April 20 and April 22.
The active headlines increased from about 306,000 to more than 336,000 during a three -day period, an increase of about 10 percent. The network is just a “heating”, according to the Germans.
Ethereum is heating!
“Active ETHEREUM headlines jumped from 306,211 to 336366, which represents a 9.85 % increase in only 48 hours” – by Oro_crypto
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https://t.co/g55mivnmoo pic.twitter.com/brihtx3sx
– Cryptoquant.com (Cryptoquant_com) April 23, 2025
This frenzy of activity in the headlines is usually an indication of changes in the market mood and the high interest of the investor. Market analysts often consider such height as possible early price indicators, mostly when it coincides with high prices.
Prices’ involvement to significant resistance
We continue to struggle to break more than $ 1,640 has been completed since April, Ethereum price Finally, this resistance area exceeded. The currency of more than 1780 dollars struck, the currency defeated the confinement left by a firm green candle.
For the first time in modern history, buyers seem to get the lead in the market. The price is now read as the above in the moving averages for 10 days and 20 days, indicating strength in the shorter term.
The relative strength index exceeds its fifty line, as some bullish momentum appears without approaching the peak area.
Technical indicators offer mixed signals
Some indicators show great momentum, although everything is completely aligned. The average rapprochement/moving difference begins to manufacture the reflection of the trend early with slightly positive numbers.
At the same time, RSI RAM is approaching the upper limits of its entirety, probably indicating the short -term fatigue unless more buyers return soon.
According to price expectations, ETHEREUM will decrease by 6.50 % and up to 1652 dollars on May 24, 2025. Technical analysis indicates a declining direction, while the Fear & Greed index is 64 years, which puts morale in the market in The “greed” area.
Last month, Ethereum was Green days 40 % of time (12 out of 30 days) with 9.26 % price fluctuation, data appears from Coincodex.
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The use of the network is still low despite the movement of prices
One of the confusing things about the current state of Ethereum is the difference between price work and the use of the real world network. The transaction fees are still abnormal at about $ 0.31 on average, based on Ycharts data. Low fees indicate that the demand for the chain still does not exist, although the network is inexpensive for use.
Despite this conflicting mark, the combination of increased active headlines and the position of ETH above the previous resistance levels has strengthened the short -term image.
If the current momentum continues, the market strategy will penetrate closely to determine whether ETHEREM can charge fees towards the level of price of psychological importance.
Distinctive image from Fandom, TradingView graph
The post Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days first appeared on Investorempires.com.
