Ethereum price struggles to surpass the $4,000 mark. On-chain data suggests that the short-term whales are booking profits. ETH development activity and active addresses slow down. Ethereum price faces struggles to surpass the $4,000 barrier. On-chain data reveals that investors appear to be capitalizing on gains, contributing to the emergence of a potential local peak.
ETH Network Realized Profit/Loss chart Santiment’s data of Active Addresses indicates the number of unique addresses that participate in transactions on a blockchain or cryptocurrency network within a given day. This metric is used to gauge the level of network activity and user engagement. Higher Active Addresses typically suggest increased usage and interest in the cryptocurrency, whereas lower Active Addresses mean weakening demand and diminished confidence in the cryptocurrency.
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