Ethereum Poised to Resume Uptrend As Crucial On-Chain Metrics Turn Bullish
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Ethereum’s On-Chain Metrics Turn Bullish The number of daily active addresses on the Ethereum network continues rising at an exponential rate despite the lackluster price action. On July 14 and 15, ETH saw the third and fourth highest number of daily active addresses in the past year, according to Brian Quinlivan, marketing and social media director at Santiment.
Based on historical data, such a massive bullish divergence between prices and daily active addresses has been followed by a price increase in the past. Bullish Divergence Between Daily Active Addresses and ETH's Price.
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