{"id":512435,"date":"2022-12-15T04:41:15","date_gmt":"2022-12-15T09:41:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=512435"},"modified":"2022-12-15T04:41:15","modified_gmt":"2022-12-15T09:41:15","slug":"ethereum-active-addresses-highest-may-2021-eth","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-active-addresses-highest-may-2021-eth\/","title":{"rendered":"Ethereum Active Addresses At Highest Since May 2021, Good News For ETH?"},"content":{"rendered":"

On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300.<\/p>\n

637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently<\/h2>\n

According to data from on-chain analytics firm\u00a0Santiment<\/a>, ETH is currently observing its highest point of activity in 17 months. The \u201cdaily active addresses<\/a>\u201d is an indicator that measures the total number of Ethereum addresses that were involved as a sender or as a receiver on any given day.<\/p>\n

When the value of this metric is high, it means traders are active on the network right now. On the other hand, low values suggest investors have been showing little activity during the past day.<\/p>\n

The chart below shows the trend in the Ethereum daily active addresses over the last few years:<\/p>\n

\"Ethereum<\/p>\n

The value of the metric seems to have been pretty high in recent days | Source: Santiment on Twitter<\/a><\/pre>\n

As the above graph displays, the Ethereum daily active addresses have spiked up during the past week or so. In this period of increased activity, an average of 637,000 ETH addresses have been involved in some coin movement every day. The last time the network saw holders being so lively was back in May of last year when the bull run of the first half of 2021 observed its peak of around $4,300<\/p>\n

Related Reading: Bitcoin Long-Term Holder Supply Reclaims ATH, Return Of Conviction?<\/a><\/div>\n

Usually, high daily active addresses mean that the investors are interested in trading ETH at the moment. Thus, it\u2019s natural that profit-taking opportunities like the May 2021 peak see huge bursts of activity as a large number of holders move their coins for selling purposes.<\/p>\n

Related Reading: Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit?<\/a><\/div>\n

While it\u2019s true that such activity can be bearish for the asset\u2019s price in this way, it\u2019s also a fact that any rally requires a large number of traders to be sustainable. Ethereum has been\u00a0rallying\u00a0<\/a>during the last couple of days while the active addresses have been very high, suggesting that there are many interested buyers in the market right now. This could be a sign that unlike the rally efforts earlier in this bear market, which didn\u2019t see any activity on such levels, the latest price rise may have enough fuel backing it.<\/p>\n

\"Ethereum<\/p>\n

Looks like the value of the asset has sharply gone up during the last two days | Source: ETHUSD on TradingView<\/a><\/pre>\n

At the time of writing,\u00a0Ethereum\u2019s price<\/a>\u00a0floats around $1,300, up 8% in the last week. Over the past month, the cryptocurrency has gained 10% in value. The above chart shows the trend in the price of the coin over the last five days.<\/p>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300. 637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently According to data from on-chain analytics firm\u00a0Santiment, ETH is currently observing its highest point of activity in 17 months. The \u201cdaily active addresses\u201d is an indicator that measures the total number of Ethereum addresses that were involved as a sender or as a receiver on any given day. When the value of this metric is high, it means traders are active on the network right now. On the other hand, low values suggest investors have been showing little activity during the past day. The chart below shows the trend in the Ethereum daily active addresses over the last few years: The value of the metric seems to have been pretty high in recent days | Source: Santiment on Twitter As the above graph displays, the Ethereum daily active addresses have spiked up during the past week or so. In this period of increased activity, an average of 637,000 ETH addresses have been involved in some coin movement every day. The last time the network saw holders being so lively was back in May of last year when the bull run of the first half of 2021 observed its peak of around $4,300 Related Reading: Bitcoin Long-Term Holder Supply Reclaims ATH, Return Of Conviction? Usually, high daily active addresses mean that the investors are interested in trading ETH at the moment. Thus, it\u2019s natural that profit-taking opportunities like the May 2021 peak see huge bursts of activity as a large number of holders move their coins for selling purposes. Related Reading: Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit? While it\u2019s true that such activity can be bearish for the asset\u2019s price in this way, it\u2019s also a fact that any rally requires a large number of traders to be sustainable. Ethereum has been\u00a0rallying\u00a0during the last couple of days while the active addresses have been very high, suggesting that there are many interested buyers in the market right now. This could be a sign that unlike the rally efforts earlier in this bear market, which didn\u2019t see any activity on such levels, the latest price rise may have enough fuel backing it. Looks like the value of the asset has sharply gone up during the last two days | Source: ETHUSD on TradingView At the time of writing,\u00a0Ethereum\u2019s price\u00a0floats around $1,300, up 8% in the last week. Over the past month, the cryptocurrency has gained 10% in value. The above chart shows the trend in the price of the coin over the last five days.<\/p>\n","protected":false},"author":542,"featured_media":512437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,86351,84133,87134,8686],"class_list":["post-512435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-active-addresses","tag-ethereum-bullish","tag-ethereum-rally","tag-ethusd"],"acf":[],"yoast_head":"\nEthereum Active Addresses At Highest Since May 2021, Good News For ETH?<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Active Addresses At Highest Since May 2021, Good News For ETH?","url":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-active-addresses-highest-may-2021-eth\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-active-addresses-highest-may-2021-eth\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/bastian-riccardi-a4Xo_eJ69ps-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/bastian-riccardi-a4Xo_eJ69ps-unsplash-scaled.jpg?fit=2560%2C1440"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethereum active addresses","ethereum bullish","ethereum rally","ethusd"],"dateCreated":"2022-12-15T09:41:15Z","datePublished":"2022-12-15T09:41:15Z","dateModified":"2022-12-15T09:41:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Active Addresses At Highest Since May 2021, Good News For ETH?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-active-addresses-highest-may-2021-eth\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-active-addresses-highest-may-2021-eth\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/bastian-riccardi-a4Xo_eJ69ps-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/bastian-riccardi-a4Xo_eJ69ps-unsplash-scaled.jpg?fit=2560%2C1440\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethereum active addresses\",\"ethereum bullish\",\"ethereum rally\",\"ethusd\"],\"dateCreated\":\"2022-12-15T09:41:15Z\",\"datePublished\":\"2022-12-15T09:41:15Z\",\"dateModified\":\"2022-12-15T09:41:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/bastian-riccardi-a4Xo_eJ69ps-unsplash-scaled.jpg?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/512435"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=512435"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/512435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/512437"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=512435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=512435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=512435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}