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Ethereum Price Forecast: ETH struggles below $1,700 amid subdued on-chain users and capital outflows
Ethereum (ETH) rises, albeit gradually, toward $1,700 at the time of writing on Friday. The smart contract token reflects a marginal increase in buyers seeking to re-engage at lower price levels, following the massive drawdown from mid-May, which was largely driven by geopolitical tensions in the Middle East and macroeconomic uncertainty. The number of addresses actively transacting by sending and receiving on the Ethereum protocol averaged 480,000 on Thursday, down from roughly 554,000, indicating a weaker breadth of on-chain activity. This decline is part of a broader cooldown, given that active addresses averaged ... (full story)
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