Will ETH price crash to $750? Ethereum daily active addresses plunge to 4-month lows By Cointelegraph

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Will ETH price crash to $750? Ethereum daily active addresses plunge to 4-month lows

Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for Ether (ETH) price in the coming weeks.

The number of Ether DAA dropped to 152,000 on Oct. 21, its lowest level since June, according to data provided by Santiment. In other words, the plunge showed fewer unique Ethereum addresses interacting with the network.

Ethereum daily active address count on a daily timeframe. Source: Santiment
Capital flowing in and out of crypto funds. Source: CoinShares
weekly price chart featuring ascending triangle breakdown setup. Source: TradingView