Ethereum Network Activity Tanks as Investors Flee Risk—Will the Price Follow?

Ethereum’s on-chain activity has taken a hit over the past week, as rising geopolitical tensions continue to rattle investor confidence. The decline in usage triggers concerns of further downside risk for ETH as the second quarter nears its end. Ethereum’s On-Chain Metrics Crumble Under Geopolitical Pressure According to Artemis, the Ethereum network has witnessed a notable dip in user activity over the past week as tension escalates between Israel, Iran, and the US. The Layer-1’s (L1) daily active address count has plunged by 26% during that period source: https://beincrypto.com/ethereum-network-activity-drops-price-surges/