Ethereum Active Addresses have maintained a downtrend since declining from peak levels in early February. The 14-day moving average of the metric shows that unique on-chain participation has been contracting MoM since the sharp decline in February. Notably, the metric bounced near 414K last Friday after ETH approached $1,500, indicating that the price level triggered market participants to return to the market. Hence, making $1,500 a potential key on-chain support level. Despite the monthly decline in active addresses, the metric remains above levels seen during the May to October 2025 price rally, suggesting it may ... (full story)