Ethereum mainnet daily active addresses surpass all layer-2s

💡 DMK Insight

Ethereum’s surge in daily active addresses is raising eyebrows, but there’s more beneath the surface. While surpassing layer-2 networks is a positive sign for Ethereum’s ecosystem, the mention of address poisoning attacks casts a shadow on the sustainability of this growth. Traders should be cautious; this spike could lead to volatility if the underlying security issues aren’t addressed. If the number of active addresses continues to rise without these attacks, it could signal genuine adoption, but if the trend reverses, we might see ETH testing lower support levels. Keep an eye on the $2,800 mark as a potential pivot point. A drop below this level could trigger sell-offs, while a sustained push above $3,000 might attract more bullish sentiment. Here’s the thing: mainstream coverage often overlooks the risks associated with such spikes. Address poisoning could lead to a loss of confidence among users, impacting long-term adoption. Watch for any announcements from Ethereum developers regarding security improvements, as these could be pivotal in shaping market sentiment in the coming weeks.