Ethereum attracts again: Historical peak of active users on the blockchain

Ethereum intrigues, fascinates and sometimes confuses. Long presented as the web3 base, the network seemed to trouble in recent months. However, for a few weeks, unexpected signals have multiplied. Pic of activity, technical tremors, institutional movements … Should we believe in a return in force of Ethereum in the crypto universe? As looks turn to the future, Vitalik Buterin's blockchain gives the impression of preparing a new chapter in its history.

Ethereum jumps, the addresses explode

Ethereum news: the figures are there, gross and final. July 31, Ethereum recorded 931 310 active addressesaccording to @Sentorahq. It is Its highest daily level in almost two years. A record that testifies to a renewed interest, difficult to ignore in the current crypto tumult.

His tweet confirms it: ” The number of active addresses on Ethereum reached 931 310 yesterday, the highest daily value for almost two years ».

This does not necessarily mean that all are buying. But The activity comes backand with it, a possible rise in volatility. On trading forums and platforms, the signals are clear: the actors reposition themselves.

And it's not just a jolly. This movement follows Several weeks of consolidation around 600,000 active addresses. Now the trend gets carried away. Ethereum is capturing attention … and this could be the prelude to a wider crypto reversal.

Less stablecoins, but more voltage on the network

A paradox strikes however. Ethereum loses ground on the volumes of Stablecoins. According to Glassnode, The average volume of USDT transfers reaches $ 52.9 billionbut Ethereum no longer captures the majority.

Here is What Glassnode explains on x ::

The mobile average over 30 days of the USDT transfer volume … now reaching $ 52.9 billion … reflects a slow but regular recovery in the velocity of stablecoins and market activity.

These are Tron (23 billion) and BNB (14.9 billion) which dominate transactions. For what ? Less costs, more speed. For small operations, Ethereum remains too expensive, too slow. But that does not mean disinterest. On the contrary.

The developers remain faithful. NFT, DEFI protocols, web3 innovations… Many are still on Ethereum. This distinction is essential: Ethereum attracts brains, even if the wallets migrate.

This refocusing on more strategic uses could be a long -term asset. Less quantity, more quality? The question remains asked.

ETH challenge for $ 4,000: levels to monitor

Ethereum, or the crypto at the crossroads. Currently around 3,650 dollars, its price is stuck against a symbolic wall: the $ 4,000, which it has not crossed permanently since 2021.

But Technical signals accumulate. On the Myriad platform63.6 % of traders believe that Ethereum will cross its highest historic before 2026. A probability far from being marginal.

To remember:

• +58 % increase for ETH in July, one of the best months since 2021;
• Current RSI: 69, close to the Surachat area, but also potential;
• ADX at 24, close to the threshold of 25, heralding a solid trend;
• Critical threshold at $ 4,103, to be crossed with volume to confirm a break;
• End of year objective: $ 4,891, or even $ 5,200 according to some analysts.

The future of Ethereum is played on these levels. If the resistance gives way, the dynamic crypto could switch. Especially since fundamental signals – innovations, scalability, use – remain solid.

The current indicators suggest a deep moult. Ethereum is not just surviving, it transforms. At this rate, the blockchain could upset the crypto universe in the next ten years. The bases are there. It remains to be seen whether the market will follow.