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Ethereum Price Forecast: Active addresses halt growth as US selling pressure eases
Ethereum (ETH) network growth has stalled over the past week, halting an explosive rise over the past two months. Active addresses and transaction counts surged to record highs during the period despite a 42% in ETH's price. However, both metrics have begun to decline over the past week. The slowdown comes as prices have consolidated in the past two weeks following a sustained downtrend that spanned mid-January to early February. At the same time, ETH's Net Taker Volume on Binance has remained in negative territory since January, indicating short traders continue to dominate futures activity on the crypto exchange. ... (full story)
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