ETFs would begin active trading in a few days, activity on the blockchain’s network has been discouraging. AMBCrypto found that out after evaluating the project’s network activity.
However, at the time of writing, active addresses had fallen by 15.45%. in the last seven days. New addresses were not spared either with a 6.50% decline.is. If this decline lingers, the price of ETH could be affected. This, because a drop in Ethereum’s network activity could mean less demand for the cryptocurrency.
Another indicator AMBCrypto examined was the Exchange Supply Ratio. This is the ratio of coins reserved in exchanges, relative to the total ETH supply. If this is the case, ETH’s price could climb towards $3,600 within the first few days of July. However, if the opposite happens, the value could