" #ETH Active Addresses Down Trend, Need to Reversal Upside"

Ethereum's value is fundamentally related to decentralized networks and active participation by its users. One of the main metrics to measure this participation is the number of unique active addresses in the network, which can be a useful indicator for Ethereum's overall market demand and value.

The chart shows a 14-day moving average of Ethereum active addresses, which represents the total number of active addresses, including both senders and receivers of Ethereum transactions. Since late March 2024, this metric has shown a sharp decline, with both user activity and volume declining. This downward trend reflects a bearish market mood driven by lower demand and lower investor engagement. 

For Ethereum to recover and start a long-term sustainable rally, the trend in the number of active addresses needs to reverse upward.