Decreasing Ethereum Network Activity Foreshadowed ETH's Pullback - Ethereum World News
- Ethereum's price had shown signs of weakness as daily active addresses and network growth had started fading
- Furthermore, exchange wallets exploded to a 6-month high signifying a possible top for ETH
- Additionally, Ethereum's correlation with Bitcoin has started to increase once again
Ethereum is once again below the crucial $365 support level. Ethereum's troubles came after ETH rallied to a two year high of $490 on the 1st of September before following Bitcoin on a fast drop that started on the same day. ETH has continued on a downward spiral and has lost several support zones in the process. They include $450, $420, $400 and $365.
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