Ethereum active addresses metric is declining again after a brief recovery, approaching levels last seen at the beginning of the month. Since mid-February, the seven-day Simple Moving Average of Active Addresses on the network has declined by roughly 50%, signaling rapidly declining onchain engagement and weakened sentiment in Ethereum even as prices remain subdued.
Source: https://www.fxstreet.com/news/japan-industrial-production-yoy-declined-to-23-in-april-from-previous-24-202605282350
