$ETH active addresses just printed something you only see before the god candle.
Price = $2.3K
Active addresses = holding above 400K (2022–2023 bull support zone)
SMA(30) coiling under SMA(100) — but not dead crossing.
Reminds me of mid-2020.
Everyone scared of macro.
On-chain saying: accumulation, not exhaustion.
When active addresses stay hot while price gets cold?
That’s the quiet before the exit liquidity show.
Don’t sleep on the utility chain.
Ethereum isn’t dead. It’s reloading. 🐋