{"id":156546,"date":"2023-09-15T16:55:34","date_gmt":"2023-09-15T11:25:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156546"},"modified":"2023-09-15T16:55:34","modified_gmt":"2023-09-15T11:25:34","slug":"how-ethereums-prices-reacted-after-intriguing-record-high-spike-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/how-ethereums-prices-reacted-after-intriguing-record-high-spike-crypto-news\/","title":{"rendered":"How Ethereum&#8217;s prices reacted after intriguing record-high spike &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/IMG_20221216_232515-scaled-e1687171787353-80x80.jpg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 15, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400\">Ethereum\u2019s transactions and active users spiked to a record high.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400\">ETH was on a four-day consecutive price uptrend at press time, trading above $1,600.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">As per a 13 September post on X (formerly Twitter), the number of active <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/ethereum\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a> users surged to over 1 million. How has this surge affected other important metrics?<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\">Read <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/ethereum-price-prediction\" data-wpel-link=\"internal\">Ethereum\u2019s [ETH] Price Prediction<\/a> 2023-24<\/p>\n<hr \/>\n<h4><b>Ethereum active addresses witness a brief spike<\/b><\/h4>\n<p><span style=\"font-weight: 400\">According to an analysis of the active user metric, Ethereum\u2019s surge to 1 million active addresses was a stark contrast to the typical average of approximately 300,000 active users that Ethereum had been experiencing prior to the spike.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Something weird is going on with daily active Ethereum addresses. from their usual 300-400K to over 1M yesterday. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nXgW6ydCES\" data-wpel-link=\"external\">pic.twitter.com\/nXgW6ydCES<\/a><\/p>\n<p>\u2014 Patrick Scott | Dynamo DeFi (@Dynamo_Patrick) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Dynamo_Patrick\/status\/1702449661716451396?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">September 14, 2023<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">However, as of this writing, the number of active users had returned to its previous range. The observable count of active addresses stood at over 350,000 at press time. Was there any impact on other metrics?<\/span><\/p>\n<div id=\"attachment_343808\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-343808\" class=\"wp-image-343808 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Ethereum active addresses\" width=\"2560\" height=\"1612\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses-300x189.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses-1024x645.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses-768x484.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses-1536x967.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses-2048x1290.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-343808\" class=\"wp-image-343808 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Ethereum-Active-Addresses.png\" alt=\"Ethereum active addresses\" width=\"2560\" height=\"1612\" \/><\/a><\/p>\n<p id=\"caption-attachment-343808\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<\/div>\n<h4><b>Ethereum\u2019s transactions and volume analysis<\/b><\/h4>\n<p><span style=\"font-weight: 400\">According to the transaction data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Ethereum?txs=true&amp;tvl=false&amp;volume=true&amp;users=false\" data-wpel-link=\"external\">DefiLlama<\/a>, there was a noticeable increase in the number of active <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ethereum-with-churn-limit-on-the-rise-will-eth-ditch-the-bears\/\" data-wpel-link=\"internal\">Ethereum<\/a> users that correlated with a surge in transactions. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The transaction chart indicated that on the same day as the spike in active users, the number of transactions surged to over 1.6 million. Prior to this surge, the transaction count typically ranged from 800,000 to 1 million. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, this peak marked the highest transaction volume recorded so far this year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, similar to the active users, the transaction count has since decreased. As of this writing, the number of transactions was approximately 1 million. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, a review of the volume trend revealed that it remained relatively unaffected by the spike in active users and transactions. It displayed a stable, non-spiky pattern and currently stands at around $754 million.<\/span><\/p>\n<h4><b>ETH on an uptrend of its own<\/b><\/h4>\n<p><span style=\"font-weight: 400\">Examining <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ethereum-bulls-and-bears-tussle-as-eth-prices-touch-1600\/\" data-wpel-link=\"internal\">ETH\u2019s<\/a>\u00a0price trend using a daily timeframe chart revealed that it has been following its upward trajectory. The chart indicated a four-day streak of consecutive gains, following a period of stagnant movement and a significant dip.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\">How much are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-eth-to-usd\" data-wpel-link=\"internal\">1,10,100 ETHs worth today<\/a>?<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">As of this writing, Ethereum was trading at approximately $1,630, showing a slight uptick of less than 1%. It\u2019s worth noting that although the Relative Strength Index (RSI) still indicated a position below the neutral line, the ongoing price uptrend had pushed it higher.<\/span><\/p>\n<div id=\"attachment_343809\" style=\"width: 1501px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-343809\" class=\"wp-image-343809 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"ETH\/USD price trend\" width=\"1491\" height=\"707\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36.png 1491w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36-300x142.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36-1024x486.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36-768x364.png 768w\" data-lazy-sizes=\"(max-width: 1491px) 100vw, 1491px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-343809\" class=\"wp-image-343809 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-15_07-15-36.png\" alt=\"ETH\/USD price trend\" width=\"1491\" height=\"707\" \/><\/a><\/p>\n<p id=\"caption-attachment-343809\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">However, as of the time of this update, the exact cause behind the surge in transactions and active users remained unknown.<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 15, 2023 Ethereum\u2019s transactions and active users spiked to a record high. ETH was on a four-day consecutive price uptrend at press time, trading above $1,600. As per a 13 September post on X (formerly Twitter), the number of active Ethereum [ETH] users surged to over 1 million. How has this surge [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-156546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=156546"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156546\/revisions"}],"predecessor-version":[{"id":156549,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156546\/revisions\/156549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156547"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}