Ethereum’s declining on-chain activity, marked by a drop in daily active addresses and transaction counts, raises concerns for potential price movements. If the downward trend continues, ETH may face additional pressure despite the current price surge.
ETH is currently priced at $2,418, following an 8% increase in 24 hours. If positive trends continue, Ethereum could aim for prices around $2,569, while fluctuations and sell-offs might lead to a potential drop to $2,185.
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