[Analysis] "Ethereum: Daily Active Addresses of Retail Investors Must Increase for a Price Rally"
Summary
- It was analyzed that an increase in the number of daily active addresses from retail investors is needed for an "Ethereum (ETH) price rally."
- Currently, the number of "daily active addresses" remains at around 300,000 to 400,000, which is stated to be well below typical bull market levels.
- The CryptoQuant contributor noted that the number of "daily active addresses" must exceed 400,000 for upward momentum to build.
An analysis suggests that in order for Ethereum (ETH) to embark on a price rally, the number of daily active addresses from retail investors needs to increase.
On the 2nd (local time), CryptoQuant contributor Banker stated, "Despite aggressive accumulation by whales and continued institutional interest, Ethereum is currently stagnating. The current number of daily active addresses for retail investors remains at 300,000 to 400,000, which is still far below the levels seen during bull markets."
Ultimately, the analysis concludes that active participation from retail investors is essential for Ethereum’s upward rally. The contributor analyzed, "Even if accumulation by whales and staking inflows help defend prices against declines, daily active addresses must surpass 400,000 for upward momentum to develop."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
