ETH continues to trend lower in price, even as its 100-day SMA of active addresses has reached a new all-time high of approximately 587,000, marking a rare and significant divergence from historical market behavior.



This sharp rise in network activity reflects accelerating real user engagement despite ongoing bearish sentiment, suggesting Ethereum may currently be fundamentally undervalued.

Historically, sustained growth in on-chain participation has often preceded price recovery, as market valuation tends to realign with underlying network strength over time.

For fundamentally driven investors, this divergence may represent a hidden bullish signal with potential long-term upside.
ETH1.79%
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