Ethereum network activity hits a record high (ATH), with over 788,000 active addresses and 255,000 new wallets per day, amid the crypto market sentiment still at “extreme fear.”

This increase indicates real adoption within the Ethereum ecosystem such as DeFi, NFT, and layer-2—not just speculative activity. However, the ETH price remains relatively stagnant around $2,100, creating a bullish divergence between fundamentals and price.

If this high activity can persist consistently, the chances for ETH price increases become more likely. Nevertheless, market direction will still be influenced by macro conditions, regulations, and evolving global sentiment.

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