Ethereum Stalls Near $1,880 as New Addresses Surge

Ethereum's price has remained relatively stable over the past week, hovering around $1,880 as daily trading volumes reached nearly $4.89 billion.

This stability comes amidst a significant increase in new addresses being created on the Ethereum network, further solidifying its position behind Bitcoin in terms of market value.

The cryptocurrency has been trapped between a support level of $1,850 and resistance just above, with little movement observed over recent weeks.