- Daily new Ethereum addresses rose from 121,210 to 212,560 between August 8 and August 16, signaling stronger network activity.
- A whale moved 884.55 ETH worth about $1.66 million to two new wallets after swapping 493.02 ETH for USDT.
- ETH holds above $1,860 support, while $1,920-$1,960 remains the key resistance zone for a potential recovery.
Ethereum network activity has jumped while ETH trades near $1,880, with fresh addresses rising and a whale moving coins. Ali Charts reported daily new ETH addresses climbed from 121,210 on August 8 to 212,560 today. Meanwhile, Onchain Lens tracked 884.55 ETH moved to two fresh wallets over the last day.
Ethereum Addresses Rise Sharply
According to Ali Charts, Ethereum recorded 212,560 new daily addresses today. That compares with 121,210 addresses on August 8, an increase of 91,350 addresses. Ali Charts described network growth as a strong on-chain measure of user adoption.
The analyst also noted sustained increases have historically come before major price rallies. However, the activity increase comes as ETH remains below recent highs. The four-hour chart shows ETH at $1,879.47, with the latest candle up 0.01%.
Whale Moves 884.55 ETH
Onchain Lens reported that a mysterious whale moved 884.55 ETH to two fresh wallets over the last day. The transfer was worth about $1.66 million. Before those transfers, the whale swapped 493.02 ETH for 928.57K USDT through CoW Protocol.
The swap involved about $927,000 in ETH. The provided data does not identify the whale or explain its reason for moving the funds. Meanwhile, ETH has remained within a narrow range after its recent retreat.
ETH Holds Above $1,860 Support
ETH moved from roughly $1,760-$1,800 toward a peak near $1,960. It later retreated and entered a range around $1,870-$1,900. The four-hour structure shows weaker momentum after ETH reached about $1,920-$1,930 between August 7 and 10.
Price then fell toward $1,860-$1,870 before stabilizing in smaller candles. The RSI is at 46.49, below its 47.09 moving average and neutral 50 level. It remains above 40, while the MACD line sits above its signal line but below zero.
Support is around $1,860-$1,840, followed by $1,800. Resistance appears near $1,900, then $1,920-$1,960. A break above $1,920 could target $1,960, while a move below $1,840 could expose $1,800.
