Is Ethereum’s price under pressure? A look at on-chain data suggests…

- The number of addresses on the network has been falling for the last seven days - ETH supply on exchanges fell, reducing the potential of a sell-off Though Spot Ethereum [ETH] ETFs would begin active trading in a few days, activity on the blockchain’s network has been discouraging. AMBCrypto found that out after evaluating the project’s network activity. At press time, we observed that Ethereum’s active, new, and zero-balance addresses had dropped. By definition, new addresses refer to unique …