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Ethereum Active Addresses See Mind-Blowing Rise This Week

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Sat, 24/04/2021 - 7:54
Ethereum Active Addresses See Mind-Blowing Rise This Week
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Chart provided by popular analytics company Glassnode says that the number of active ETH addresses has been demonstrating a stable rise since this year started.

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However, this week, it has seen a parabolic surge, soaring to 701,974 on April 21 from 518,270 on April 15 (the price of ETH on that day was $2,358). Similar rise was last demonstrated back in January 2018, as per the Glassnode chart.

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Image via Glassnode

As reported by U.Today, the following day, on April 22, the second biggest digital currency ETH hit a new all-time high of $2,575 on the Bitstamp exchange.

The price spike was partly spurred by the launch of three Ethereum ETFs launched in Canada on the Toronto Stock Exchange on April 20.

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By now, however, Ethereum has declined and is changing hands at $2,272, as per the data from CoinMarketCap.

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