Ethereum News: Addresses Surge 17% in 24 hours, A Buy Signal?  

Ethereum’s network is heating up—active addresses just surged 22.3% in three days. But while activity is rising, ETH’s price has dropped.

Is this a temporary disconnect, or is a rebound on the horizon? With Q2 historically strong, traders are watching for a potential breakout.

Active Addresses Surge 17%—Will ETH Price Catch Up?

Ethereum news is seeing its network buzzing with activity. Per Santiment, in just three days, active addresses shot up from 411,000 to 503,000.

That’s a massive 22.3% jump. Even more impressive! The network experienced a 17% hike in active addresses over the last 24 hours.

Network usage increases with more users, which typically indicates positive market conditions.

More network engagement drives increased market demand, which typically results in higher prices.

But this time, ETH’s price has failed to match the recent surge in network activity.

Instead, the ETH price has shown a downward trend from $2,158 on March 10 to its current value of $1,923 on March 11.

Historically, active address growth combined with price decline typically indicates short-term selling pressure from whales or trader caution.

But the steady increase in Ethereum network activity suggests that buying pressure may be developing beneath current market conditions.

Ethereum’s Q1 Slump Could Set the Stage for a Strong Rebound

Meanwhile, as observed in multiple Ethereum news reports, it has experienced a challenging beginning to 2025.

The 42.9% Q1 decline positions this quarter among the most severe first quarters in recent history.

But the current situation is not an exception to what has happened before.

ETH typically experiences weak performance during the first months of the year before delivering significant price increases.

Look at the past:

• 2023: ETH gained 52.15% in Q1, dipped in Q2 (-5.74%), then surged in Q4 (+36.66%).
• 2022: A brutal Q1 (-10.75%) and Q2 (-67.34%) were followed by a 24.09% rally in Q3.

Historical data shows that Q2 stands as one of Ethereum’s most powerful quarters in its cyclic movement.

The average Q2 market returns amount to +66.84%, which indicates this period is favorable for price recovery.

Moreover, the adoption of institutions for Ethereum continues to grow. The entry of big banks as Ethereum validators combined with upcoming ETH ETFs that enable staking could lead to a supply squeeze.

The reduced circulation of ETH will create stronger price stability throughout the long term.

Ethereum’s V-Shape Recovery: A Bitcoin 2020 Repeat?

Furthermore, Ethereum’s current price action looks eerily similar to Bitcoin’s 2018–2020 cycle.

At the time, BTC spent months bouncing between resistance levels before finally breaking out. ETH seems to be following the same script.

Right now, ETH is stuck in a re-accumulation phase, just like Bitcoin was before its 2020 bull run.

It’s facing multiple rejections at key resistance levels—frustrating for traders, but a normal part of price discovery.

ETH currently experiences a re-accumulation phase that mirrors Bitcoin’s behavior before its 2020 price surge.

The price action shows multiple rejections at essential resistance levels—frustrating for traders, but a normal part of price discovery.

Another interesting parallel? Bitcoin experienced a major price drop in 2020, while Ethereum faced a similar decline during the current period.

The Bitcoin market experienced a pandemic-induced crash, which scared investors until its recovery phase, while Ethereum faces recession-related fears and trade war uncertainties.

Conversely, market participants hold conflicting opinions about the current situation.

The retail trader sentiment shows bullishness (0.71) while professional investors maintain bearishness (-2.49).

The market data indicates potential price swings before establishing an upward trend.

What’s Next for ETH Price?

Ethereum’s network activity is surging, and history suggests Q2 could be a turning point.

Institutional interest is growing, and price action is mirroring Bitcoin’s past cycles.

Will ETH price break out like Bitcoin did in 2020, or are we in for more choppy trading?