Ethereum on-chain activity doubles, is a technical breakthrough imminent?

Question

【BitPush】Ethereum's performance over the past two weeks has been quite interesting. The number of on-chain daily active addresses has doubled and is now stable at over 800,000, indicating that network activity is indeed picking up.From a capital perspective, the most concentrated buying area for Ethereum ETFs is between $3,119 and $2,772, and these two price levels have become psychological support levels in the market.Looking at the K-line trend, Ethereum's daily chart is very textbook—oscillating within a triangle pattern. The key logic is this: as long as the price stays above $3,085, there is a chance to break through the resistance level at $3,400. If it really breaks through, $3,660 is not a dream, and there is even the possibility of continuing to push towards $4,000. Now, it's just waiting for that moment.

RunWithRugs · Accepted Answer

Wait, the active addresses doubling? Now that's a real signal, not just looking at the price alone.

Can 3085 hold to push towards 3400? I think, I'm just worried about another false breakout, a quick sell-off and it's over.

But 4000 dollars... thinking about it does sound interesting, but I'll wait for that confirmation line before making a move.

SchrodingerGas · Answer

On-chain activity doubling depends on the type of interaction; don't be fooled by the number of daily active addresses...

If 3085 can't hold, then the entire technical analysis needs to be rewritten. It's still too early to say we've broken through 4000.

ETF buy orders are concentrated at those two price levels, indicating whether institutions are building positions or just harvesting profits, which is worth a closer look.

Let's wait until we break through 3400; those making big promises now have all lost money.

This kind of textbook triangle pattern usually ends with a breakdown; probability theory is right there.

SmartContractRebel · Answer

Doubling active addresses is something to watch out for, but what really determines the trend is whether it can break 3400... In my opinion, now is the moment to take a gamble; if it breaks, watch for 4000, if not, it will continue to fluctuate and get cut.

FantasyGuardian · Answer

Doubling activity level seems okay to me, but I'm worried it might be just a flash in the pan... Now we're just waiting to see if the 3085 level can hold.

BlindBoxVictim · Answer

Over 800,000 active addresses doubling? That data is a bit shocking, we need to see if it's genuine demand or just another wave of hype.

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Holding onto 3085 to break 4000? Sounds pretty good, but I bet 5 bucks it will just hover and torment me.

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The institutions that are bottom-fishing with ETFs are really patient. As a retail investor, I’ve long since reached my limit.

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Every time they say the technicals are perfect for a breakout, my wallet feels very relatable.

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I believe in the rebound in activity, but can the price also get some momentum?

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That 3400 threshold has made my eyes go blurry. I don’t know how many times I’ve been trapped there.

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It’s always "as long as we hold," but why can’t we hold every time?

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I’m tired of hearing the term "psychological support level." Can next time be a psychological breakthrough instead?

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If it were really as textbook as they say, it would have broken long ago. Now I even get PTSD just looking at the charts.

TradFiRefugee · Answer

Hmm... Doubling active addresses is indeed a good signal, but could this wave just be a rebound that we run away from? If we can't hold the 3085 line, it will just crash again.

Ethereum on-chain activity doubles, is a technical breakthrough imminent?

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