Ethereum Address Activity Sank to 2 Year Low, Affecting ETH Price

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Even after the successful Ropsten merge with the proof-of-stake beacon chain, the currency ETH has been suffering severely. The ETH price has stayed constant despite the upgrade.

As expected the on-chain address activity is not holding up to a price surge. Address activity in Ethereum and network growth have reached a two-year low according to the data. 

According to santiment reports,  The count of $ETH addresses is still at a two-year low. Ethereum has reached $1,800, and investors are anticipating long-term fundamentals that could indicate the emergence of two cryptocurrency assets.