Ethereum Stablecoin Active Users Reach 590,000, Setting New Record
- Significant User Growth: Active ERC-20 stablecoin addresses on Ethereum have approached 590,000 daily users, surpassing previous all-time highs, indicating a clear shift in how capital is moving across the crypto market, potentially signaling structural growth.
- Long-Term Trend Confirmation: The 365-day moving average for stablecoin activity now exceeds 240,000, a level that prior cycles failed to sustain, demonstrating that stablecoins are now embedded deeper into everyday on-chain activities, serving as crucial liquidity management tools.
- Positive Market Signals: According to the CryptoQuant report, the usage of stablecoins reflects a market where capital remains highly mobile, suggesting that the market is in accumulation or transition phases rather than at a peak, indicating potential for future growth.
- Strong Liquidity: As long as active address counts remain elevated and avoid sharp contractions, the data points to structural liquidity strength rather than speculative excess, further supporting the healthy development of the market.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00289 | 0.00632 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0486 |
| Fibonacci | 0.00632 | 0.0129 | 0.0169 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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