Ethereum’s Active Addresses Are Gone-Price Drops Like a Rock in a Sock 🧙‍♂️📉

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Ethereum’s daily active address count has been taking a scenic route to the void, with user participation dwindling faster than a witch’s skirt in a hurricane. The network is quieter than a librarian with a hangover, and the smart contracts are probably napping.

The number of unique addresses sending or receiving ETH has plummeted like a confused penguin in a snowstorm, from 480,000 in mid-August to 363,000 by October 26. That’s a 24% drop-enough to make a spreadsheet weep. Or maybe just a sentient spreadsheet.

ETH Network Is Quieting Down, But Not in a Pleasant Way

Active addresses have historically been as reliable as a clockwork orange in a warzone, but this time, the price is following the decline like a lost puppy. ETH’s drop from $4,800 to $3,900 is smoother than a wizard’s beard after a nap. The 7-day moving average of active addresses is as steady as a drunk monk’s walk, dropping from 480,000 to 370,000. It’s not a hiccup-it’s a full-on existential crisis.

The network is seeing fewer transactions, less contract interaction, and weaker dApp usage, which is like watching a party crash. CryptoQuant’s data suggests the bears are winning, and they’re not even trying to hide it. “Unless we see a strong and sustained rebound in active addresses, any potential price rally may remain fragile. Traders should treat this ongoing decline in fundamental network activity as a critical signal in their analysis.”-CryptoQuant, because they’re always right, except when they’re not.

Fail Here and $3,500 Becomes Reality

Ethereum is currently trading at around $3,714, which is about as stable as a teeter-totter in a tornado. Over the past month, the leading altcoin has declined by approximately 17.4%. The weakness has intensified even further in the near term, with a fresh 5% drop in the past 24 hours alone. It’s like the market is trying to outdo itself in a race to the bottom.

Crypto analyst Ted Pillows has declared that ETH has hit a critical support zone, which is just a fancy way of saying “if you don’t buy now, it’ll be a long fall.” If the price breaks below this zone, expect a sharper continuation lower, which could potentially send Ethereum toward and even beneath the $3,500 area. Or, as the ancients would say, “Beware the bear, for it has a grudge against your wallet.”

“Unless we see a strong and sustained rebound in active addresses, any potential price rally may remain fragile. Traders should treat this ongoing decline in fundamental network activity as a critical signal in their analysis.”

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2025-11-03 19:37