Data indicates that the Ethereum network recently recorded a new all-time high (ATH) in the Active Address Index, indicating increased user activity.
The MA of active Ethereum addresses for 30 days has reached a new ATH
As CryptoQuant community analyst Maartunn highlighted at X mailEthereum Active addresses Set a new record high in the value of the 30-day moving average (MA). This on-chain indicator tracks the unique total number of addresses that participate in some type of transaction activity on the blockchain each day.
When the value of this metric increases, it means that the number of interacting users on the network is rising. This trend indicates that the cryptocurrency is attracting interest. On the other hand, a decline in the index indicates that addresses have become inactive, perhaps because investors have lost interest in the blockchain.
Now, here’s the chart shared by Maartunn that shows the trend in the 30-day moving average of active Ethereum addresses over the past decade:
Looks like the value of the metric has shot up recently | Source: @JA_Maartun on X
As shown in the chart above, the 30-day moving average of active Ethereum addresses saw a rise along with the moving average of active Ethereum addresses. Bull rally In the second half of 2025, which means increased user activity. Price rises tend to be exciting for investors, so it is not unusual to see interest on transactions rise in tandem.
From the chart, it appears that once the downward shift in the market occurred in Q4 2025, active addresses also started to decline, a sign that investors were starting to shift their attention away from the network.
But in 2026, something so far unusual happened. While Bitcoin saw another decline during February, what actually accompanied it was a sharp rise in the index that took its value to a new ATH.
In the past, periodic tops in active headlines tended to coincide with a major uptrend, with bear markets typically seeing a slowdown in the gauge. As such, the recent trend in the Ethereum network has broken the traditional pattern.
And in some other news, Ethereum Exchange Traded Funds (ETFs) It started on a green line earlier, but the last two days have seen the net flow trend return to the negative trend, as data from SoSoValue He appears.
How the US ETH spot ETF netflow has changed over the last few months | Source: SoSoValue
As can be seen in the chart above, US Ethereum ETFs saw an inflow of $136.4 million over the past day. The previous day, they saw outflows of more than $55 million. While these spikes in net red flow have not recovered all of the flows that occurred during the early six-day period, they still indicate a change in the winds in the market.
Ethereum price
At the time of writing, Ethereum’s price is trading around $2,100, unchanged from one week ago.
Looks like the price of the coin has retraced from its highs | Source: ETHUSDT on TradingView
Featured image by Dall-E, chart from TradingView.com
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