Ethereum’s Network Activity Plummets: Price Follows Suit

Ethereum’s daily active address count continues to decline, indicating a shrinking user base and reduced on-chain activity. The price of Ethereum (ETH) is mirroring this trend, dropping from the upper $4,800 range towards the $3,900 level as the network experiences lighter engagement across various applications like smart contracts and decentralized apps (dApps). This decline suggests a weakening demand within the ecosystem.