Ethereum Active Addresses Drop 45% to 746,062 as Price Trades Near $2,150

Ethereum's daily active addresses fell 45% from 1,329,193 on Feb. 7 to 746,062 by March 3, despite nearing its all-time high of 1,420,187 addresses recorded on Dec. 9, 2022, Etherscan data show. ETH jumped 6.62% within 24 hours on March 3 to trade at $2,078, while perpetual futures open interest rose 8.8% and funding rates climbed 21%, signaling increased leveraged long positioning. The price later stood at $2,150.35, with an intraday high of $2,153.65 and a low of $1,947.76, as traders watched the $2,000–$2,200 support area and eyed resistance near $2,150 with a potential upside target around $2,300. Technical analysis shows ETH trading below its 20-day, 50-day, and 200-day moving averages, with a failure to hold current support potentially exposing downside toward the $1,900 and $1,725 regions.