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Ethereum active addresses show bullish divergence but whale transactions have a catch

The correlation between Ethereum daily active addresses (DAA) and price suggests a bullish divergence for ETH.
However, ETH whales are waiting on the sidelines observing the scenario around war and inflation before getting involved in the market.

Amid today’s broader market recovery, the world’s second-largest cryptocurrency Ethereum (ETH) is showing some positive signs. As of press time, Ether (ETH) is trading 5.48 percent up at a price of $2,677 and a market cap of $321 billion.
On-chain data provider Santiment reports that the daily active addresses (DAA) for Ethereum and its price action are showing a bullish divergence as of now. Thus, there could be a strong possibility of a price trend that can take ETH to $3,000 and beyond. In a tweet earlier today, Santiment reported:
Ethereum’s utility has remained steady these past 4 months, despite prices being cut by -35% over this time. With the amount of unique addresses interacting on the $ETH network staying flat, there is a #

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