Now perhaps is the moment to buy in Ethereum

The price fluctuations of Ethereum in the past year have found that the price trend of Ethereum is significantly positively correlated with the activity on the chain. Most of the time, it follows Metcalfe’s law (the network value is squared by the number of users). The speed is growing, but this has changed recently.

For example, in April, the Ethereum price was around $400–500, the price has fallen to around $200 at this moment. However, the Ethereum network’s daily trading volume has decreased slightly in contrast to the price, this number has been stable at around 600,000 transactions, and basically no less than 500,000.

Another indicator that shows situation Ethereum has at this moment is the DAA (daily active address). Despite on the slight decline in recent, the number of DAA remained stable mostly between 300,000 and 400,000, whereas the price trended to completely different direction.

Logically, the high correlation between price and activity is easier to understand as when more people use Ethereum, the more demand for Ethereum.

All data for market analysis was obtained from Citicoins.com

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