Ethereum (ETH) is attempting to recover above the $2,300 level on Friday after a week of declining network activity. At press time, Ether is trading at $2,238, down by 1% in the last 24 hours. However, the coin could surge higher amid improved network activity. Ethereum’s active addresses continue to rise Active addresses, which track the number of wallets sending and receiving tokens or interacting with smart contracts, have risen over the past week. This latest development comes after a steady decline the previous week. According to CryptoQuant, while the growth appears positive on the surface, it wasn’t accompanied by a subsequent rise in transaction counts, which measure the volume of user activity on the blockchain.
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