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The price of Ethereum continues to trade with a lateral structure that reflects a gradual decrease in terms of stability. ETH has struggled to generate sustained upward momentum. The exit of new entrants weighed on sentiment, even as some long-term metrics show early signs of improvement.
This divergence creates a mixed outlook for Ethereum. While network growth has weakened, improved referee retention provides a contrast.
Low new actors in Ethereum
Ethereum has seen a sharp drop in new addresses in recent days. New addresses per day fell by about 36% in 48 hours, from 298,000 to 191,000. This prompted deflation Ethereum Network Growth Index to its lowest level in two months.
The slowdown has continued since the beginning of the month. The lack of new entrants reduces organic demand. Weak adherence also indicates hesitation among individual investors. This trend has added pressure on ETH price performance and contributed to better market sentiment.
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The retention rate of Ethereum holders provides a deeper context that even if the number of new holders is low, those who stay still stay. This metric tracks the proportion of addresses that maintain a balance over consecutive 30-day periods. Measure if the carriers They continue to hold ETH Instead of getting out of position.
The retention rate fell slightly to 92.4%, hitting its lowest level in 4.5 years and the weakest reading since September 2021. This decrease has undercut the hesitation of conviction among new enrollees.
However, the measure began to improve modestly, indicating a renewed stability among the participants. High employee retention could strengthen structural support if it continues.
ETH price shows recovery potential
Ethereum is trading at $1,904 at the time of writing, holding the $1,816 support level. While the price action appears to be flat, a falling resistance line indicates a downward trend. Without stronger demand, ETH remains vulnerable to continued weakness.
The Chaikin Money Flow Index offers cautious optimism. CMF has turned into positive territory after a gradual upward trend. This movement indicates an improved capital flow. Moving from outflows to inflows is essential to any recovery Sustainable Ethereum Price .
If the inflows continue and the support persists, Ethereum can recover from $1,816 and try to move towards $2,165. A break above this resistance will invalidate the current trend line. Such a change is likely to restore investor confidence and boost upward momentum.
However, failure to maintain a positive capital flow undermines this expectation. A break below $1,816 will invalidate the recovery hypothesis. In this scenario, The price of Ethereum may fall Towards $1,600, increasing downside risks and strengthening downside control in the broader cryptocurrency market.
