Ether lags behind despite surge in network activity

Despite a massive increase in active addresses and token transfers, Ether’s price is down significantly. The Ethereum network has seen robust growth in activity, but this hasn’t translated into higher prices for Ether.

Julio Moreno of CryptoQuant notes that capital flows play a more critical role in Ether’s price dynamics than mere network activity. The total active addresses and transactions are rising, yet Ether struggles beneath the weight of market conditions.