The timing of the spike is particularly notable. While the RSI points to weakening price momentum, rising active addresses suggest that network participation is moving in the opposite direction. If this elevated activity persists, it could strengthen the underlying demand for ETH and support another attempt at the $1,936–$1,948 resistance zone. However, a short-term spike in active addresses alone does not confirm a price breakout, making sustained activity and price response important to watch.
What’s Next for Ethereum Price?
The Ethereum price remains stuck below the $1,936–$1,948 resistance zone, with the flat RSI suggesting that the rally is losing momentum. However, cooling funding rates and rising active addresses keep the broader setup from turning decisively bearish. A breakout above $1,948 could open the path toward $1,960 and $2,000, while another rejection could bring $1,837 support back into focus.
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