❗️❗️❗️Ethereum to 2.5 thousand dollars or 3 thousand dollars? What does the ETH price prediction suggest❗️❗️❗️
According to AMBCrypto Analytics: The large increase in unique active addresses accompanied the 2017 and 2020-21 price increases. Furthermore, after November 2021, when the number of active addresses began to decrease, ETH bulls attempted to push the price past the $4K mark. They met with failure.
According to data from CryptoQuant, the current rally that Ethereum is experiencing lasts until October 2023. The 7-day simple moving average (SMA) of active addresses shows a gradual upward trend.
However, over the past two years, this metric has not set a series of higher lows and higher highs. Therefore, a true bullish trend on the higher timeframe is yet to be established for the active address metric.
However, the price of ETH has reached a high not seen since May 2022. This suggests that the coming months and years could see users flock to the Ethereum network along with a massive increase in demand and then price.
