[Analysis] "Ethereum active addresses at 7-month low…possible investor exit"

The number of active addresses on the Ethereum (ETH) network has hit its lowest level in 7 months.

CryptoOnchain, a contributor to CryptoQuant, said on the 14th (local time) via CryptoQuant, "The active address count (of the Ethereum network) recently fell to as low as 327,000," adding that it was "the lowest since May 2025." CryptoOnchain said, "This is a sharp decline compared to the peak of about 483,000 reached last August."

It also noted the correlation between Ethereum's price and the network's active address count. CryptoOnchain said, "The decline in network participation shows a high correlation with Ethereum's price trend," pointing out that "Ethereum's price adjusted from a high of 4800 dollars to 3100 dollars from August to recently." It added, "The simultaneous occurrence of price decline and a decrease in active addresses means demand for block space is falling," suggesting "it may indicate that retail or short-term investors are exiting the market."

CryptoOnchain emphasized, "Generally, in a solid bullish structure, increasing network activity supports price rises." It added, "However, the current trend shows that the Ethereum ecosystem as a whole is temporarily cooling down," and "a rebound in the active address count will be the key signal to confirm recovery in network demand."