Ethereum is back in the spotlight—not for the price, but for the activity. Ethereum daily active addresses have hit 841,100, the highest since 2022. This metric tracks how many unique addresses are involved in ETH transfers each day and is considered a proxy for user engagement on the network.
The spike is a significant departure from the 600,000-range consolidation we’ve seen in recent months. While this is good for user interest, it doesn’t differentiate between buying and selling. Historically, these spikes in address activity precede volatility and this one is no exception—Ethereum’s price has pulled back sharply after the activity surge.
So what does it mean? Increased transactions often mean traders are repositioning themselves, especially before major market events or key technical setups.
USDT Trends Show Broader Market Caution
Glassnode reports that the 30-day moving average transfer volume of USDT has risen to $52.9 billion, recovering from 2022’s market downturn. But Ethereum’s share of USDT transaction volume has decreased.
Currently:
Tron leads with $23 billion in USDT volume BNB follows at $14.9 billion Ethereum trails bothThis drop in stablecoin settlement dominance could mean while Ethereum network activity is up, transactional preference is shifting to lower-fee chains for stablecoin usage—especially with volatile ETH gas prices.
ETH/USD Technical Outlook: Short Bias Persists
From a price action standpoint, Ethereum price prediction is looking weaker. ETH has broken below $3,548 and failed to hold above the rising trendline that had been in place since mid-July. A bearish engulfing pattern, followed by three large-bodied red candles (like the Three Black Crows), confirms distribution.
Ethereum Price Chart – Source: TradingviewKey signals:
RSI at 28.97: Oversold but no bullish divergence 50-period SMA at $3,745 is resistance Lower highs and lower lows is a descending triangleSupport levels to watch:
$3,428 (next critical zone) $3,331 and $3,235 (targets on breakdown)Trade Setup:
If ETH retests $3,548 and gets rejected (e.g. shooting star), short at $3,548 with stop above $3,600 and targets at $3,428 or lower. More aggressive would be to short at $3,428 with targets at $3,331 and $3,235. Need to get back above $3,651 and the trendline to flip the bias bullish.
Bitcoin Hyper Presale Over $6.2M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first BTC-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $6.2 million in its public presale, with $6,278,761 out of a $21,644,097 target. The token is priced at $0.0115, with the next price tier expected to be announced soon.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.
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