Ethereum Network Activity Hits Historic Highs, Price Remains Range-Bound

Ethereum's recent surge in network activity has sent shockwaves through the crypto market, with over 788K Daily Active Addresses interacting across the network. This significant increase in participation is reflected in the creation of more than 255K new addresses daily.

Despite this strong on-chain growth, the Ethereum price remains confined within a defined range between $1,807 support and $2,371 resistance. The Relative Strength Index (RSI) stabilized near 47.06, indicating neutral momentum without clear directional bias.