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Ethereum active addresses have jumped from 306,211 to 336,366, a 9.85% surge in the past 48 hours. Is this a sign of renewed investor interest?
Ethereum has seen its price fall to a 2-year low as of April 2025. In the past week, Scoopist noted that the king of altcoins was hitting the oversold zone as prices plunged.
Cryptoquant data has revealed a surge in Ethereum’s active addresses, signalling market activity. According to the on-chain metrics, ETH’s active addresses jumped from 306,211 to 336,366 in the past 48 hours, reflecting a nearly 10% increase.
What does this mean for ETH?
ETH has surged notably amid the rising on-chain activity, hitting the $1800 mark. A sudden rise in active addresses could signal more than just renewed investor interest. This could be a sign of whales buying the dip, considering ETH was oversold.
Despite the current price volatility, this could suggest Ethereum’s rebound is imminent as the bulls take charge. Traders are closely watching the coins’ on-chain activity to determine their next moves.
