{"id":96539,"date":"2026-04-27T15:07:00","date_gmt":"2026-04-27T12:07:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96539"},"modified":"2026-04-27T15:10:16","modified_gmt":"2026-04-27T12:10:16","slug":"ethereum-network-activity-reaches-new-heights","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-network-activity-reaches-new-heights\/","title":{"rendered":"Ethereum Network Activity Reaches New Heights"},"content":{"rendered":"<p>Ethereum has recorded an unprecedented divergence between the market price of the asset and the network&#8217;s fundamental indicators. This was highlighted by CryptoQuant expert known as CryptoOnchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bullish Divergence in Ethereum: Active Addresses Hit Record Highs Amid Price Decline<\/p>\n<p>\u201cFrom an on-chain analysis perspective, this glaring divergence implies that Ethereum may currently be undervalued.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/CryptoOnchain?ref_src=twsrc%5Etfw\">@CryptoOnchain<\/a> <a href=\"https:\/\/t.co\/qm7VQKQuWh\">pic.twitter.com\/qm7VQKQuWh<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2048689984266195044?ref_src=twsrc%5Etfw\">April 27, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the price of the second-largest cryptocurrency by market capitalization is declining, the number of active addresses on the blockchain is increasing. The 100-day <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-moving-average-and-how-is-it-used-in-crypto\">moving average<\/a> of this metric has reached a historic high of 587,000.<\/p>\n<p>Historically, an increase in active addresses has correlated with a rise in the asset&#8217;s price. The current situation is a rare exception to this pattern.<\/p>\n<p>According to CryptoOnchain, the influx of new users and the blockchain&#8217;s demand indicate that Ethereum is undervalued. The actual use of the network is accelerating despite the pessimistic market sentiment.<\/p>\n<p>The analyst considers this a &#8220;hidden bullish signal.&#8221; In the medium term, the asset&#8217;s price may return to growth following positive fundamental data.<\/p>\n<p>At the time of writing, Ethereum is trading at $2,320, having lost 0.5% over the past day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-db22e85346709ff1-2892836633877836.webp\" alt=\"ETHUSDT_2026-04-27_14-01-06\" class=\"wp-image-279037\"\/><figcaption class=\"wp-element-caption\">Hourly chart of ETH\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier in April, the daily number of transactions on the leading altcoin&#8217;s blockchain <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-network-activity-nears-record-as-price-consolidates\">approached<\/a> 1.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has recorded an unprecedented divergence between the market price of the asset and the network&#8217;s fundamental indicators. This was highlighted by an expert known as CryptoOnchain.<\/p>\n","protected":false},"author":1,"featured_media":96540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ethereum has recorded an unprecedented divergence between market price and network indicators.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1205,46,1268],"class_list":["post-96539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptoquant","tag-ethereum","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"1","short_excerpt":"Ethereum has recorded an unprecedented divergence between market price and network indicators.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96539"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96539\/revisions"}],"predecessor-version":[{"id":96541,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96539\/revisions\/96541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96540"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}