Ethereum makes efforts to stabilize its price – is it working?
What does the MACD indicate about Ethereum's current market trend?
The MACD indicates that Ethereum is currently in a bearish trend, but the bearish trend is weakening. If the price increases, it could lead to a diminishing of the bearish trend, potentially signaling a reversal or at least a slowdown in downward momentum.
How did Ethereum's daily active addresses on June 22 compare to March 23?
On June 22, Ethereum's daily active addresses exceeded 731,000, marking the highest level since March 23 when the number reached over 617,000. This increase in network activity could be driven by factors such as market movements, new developments in the ecosystem, or increased adoption.
What caused the recent spike in Ethereum's daily active addresses?
The recent spike in Ethereum's daily active addresses could be driven by various factors such as market movements, new developments in the ecosystem, or increased adoption. However, it did not impact the trading volume, suggesting possibly smaller, less value-intensive transactions dominating the activity during the period.