Ethereum Network Activity Remains Strong Despite Price Drop

Despite recent price drops, Ethereum's daily active addresses continue rising, suggesting strong network engagement.

Ethereum's NUPL metric fluctuating between optimism and belief shows investors' confidence in Ethereum's future.

EMA lines converging near current prices indicate a decision point on future direction.

If bearish sentiment continues, Ethereum could test support at $3,000.

Positive ecosystem news could boost investor sentiment and push prices back up.