Ethereum (CRYPTO: ETH) active addresses hit an all-time high of 718,000 on the 7-day moving average as ETH consolidates, creating a bullish divergence that historically signals price gains are coming.

Record Network Activity vs. Flat Price

Ethereum’s 7-day simple moving average of active addresses surged to 718,000—a new all-time high that shows massive user demand and network interaction.

The divergence is striking: network activity is exploding while price consolidates. 

ETH is up 3% today, but hasn’t broken out of its range despite record participation.

Historically, this kind of divergence acts as a leading indicator for bullish price moves. Network growth tends to precede price…

Read more on Benzinga