{"id":452773,"date":"2020-12-21T20:00:58","date_gmt":"2020-12-21T20:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=452773"},"modified":"2024-06-11T14:12:12","modified_gmt":"2024-06-11T14:12:12","slug":"prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/","title":{"rendered":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs"},"content":{"rendered":"

After Bitcoin, the top-ranked altcoin, Ethereum<\/a>, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017 and early 2018.<\/p>\n

Early signs that Bitcoin’s bull market was brewing was tipped off by a slow and steady increase in BTC address activity<\/a>, and now that trend is taking place across ETH wallets. Wallet activity has now reached a level not seen since this summer’s DeFi surge. But what exactly does this mean for the second-place cryptocurrency?<\/p>\n

Ethereum Address Activity Returns To 2020 Highs, Ditches DeFi Bandwagon<\/h2>\n

The cryptocurrency asset class was created with the emergence of Bitcoin, and since its inception, an entire market filled with thousands of coins has amassed.<\/p>\n

As if fundamental analysis<\/a> compared to traditional assets wasn’t challenging enough, how to approach each cryptocurrency also fundamentally varies depending on its use case.<\/p>\n

Related Reading | Entrepreneur Calls Ethereum Silver To Bitcoin As Digital Gold, Not Litecoin<\/a><\/em><\/strong><\/p>\n

Bitcoin is rather straightforward compared to others, as adoption can be measured by BTC wallet activity and blockchain transactional behavior.<\/a> When more users are holding BTC and moving it off of exchanges and not to them, then the price of the digitally scarce asset goes up exponentially until those users are ready to sell again.<\/p>\n

This fundamental formula of forecasting adoption \u2013 and potentially price \u2013 is slightly different for Ethereum. Wallet activity does matter, but due to the asset’s smart contracts, and decentralized applications like DeFi, Dapp usage, total value locked in applications<\/a>, and other metrics also matter a great deal in gauging the altcoin’s long-term health.<\/p>\n

\"ethereum<\/p>\n

Active ETH addressed have revisited the DeFi summer peak in August\u00a0 | Source: glassnode.com<\/a><\/pre>\n
When these DeFi related metrics first exploded<\/a> over the summer months, active ETH wallets reached a two-year high. Now, even without the supporting DeFi bandwagon booming, those active addresses have achieved a similar milestone.<\/p>\n
Surging activity is great for adoption, but what does this actually mean for Ethereum price?<\/p>\n
Crypto Market Cycle: Could The Top Altcoin Finally Catch Up To Bitcoin?<\/h2>\n
Ethereum is currently trading at over $600<\/a> and is more than 50% away from its all-time high of $1,400 set at the start of 2018. The altcoin market topped out nearly two-to-four weeks after Bitcoin did, as profit flowed from the top-ranked cryptocurrency into altcoins and then finally into cash.<\/p>\n
Bitcoin, however, has not only set a new peak price in 2020, but the cryptocurrency is currently more than $3,000 higher than its former all-time high, even after an over $1,000 correction<\/a>.<\/p>\n
Cleary, Bitcoin has been playing a game of catch up and excelling. Next, Ethereum could catch up and follow the top cryptocurrency’s trajectory.<\/p>\n
\"\"<\/p>\n
Could this uptick in activity cause Ethereum to catch up to Bitcoin finally? | Source: ETHUSD on TradingView.com<\/pre>\n
Just like BTC wallet address activity spiking ahead of genuine interest and that familiar FOMO feeling returning to Bitcoin, the same uptick is happening in Ethereum<\/a>.<\/p>\n
Related Reading | This Bearish Chart Pattern Could Cut The Crypto Altcoin Market Cap by 50%<\/a><\/strong><\/em><\/p>\n
A boost in wallet activity<\/a> last month even helped the crypto market’s biggest laggard, XRP, skyrocket as part of a 200% rally. If Ethereum can pull off a similar feat, a more than 200% rally is just what the altcoin needs to help propel it toward former peak prices, and potentially set a new record just like Bitcoin has.<\/p>\n
And because just as the summer months has shown, when Ethereum gets going, altcoins \u2013 especially DeFi tokens \u2013 also begin to move. Is this also the catalyst for a coming altcoin season?<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017 and early 2018. Early signs that Bitcoin’s bull market was brewing was tipped off by a slow and steady increase in BTC address activity, and now that trend is taking place across ETH wallets. Wallet activity has now reached a level not seen since this summer’s DeFi surge. But what exactly does this mean for the second-place cryptocurrency? Ethereum Address Activity Returns To 2020 Highs, Ditches DeFi Bandwagon The cryptocurrency asset class was created with the emergence of Bitcoin, and since its inception, an entire market filled with thousands of coins has amassed. As if fundamental analysis compared to traditional assets wasn’t challenging enough, how to approach each cryptocurrency also fundamentally varies depending on its use case. Related Reading | Entrepreneur Calls Ethereum Silver To Bitcoin As Digital Gold, Not Litecoin Bitcoin is rather straightforward compared to others, as adoption can be measured by BTC wallet activity and blockchain transactional behavior. When more users are holding BTC and moving it off of exchanges and not to them, then the price of the digitally scarce asset goes up exponentially until those users are ready to sell again. This fundamental formula of forecasting adoption \u2013 and potentially price \u2013 is slightly different for Ethereum. Wallet activity does matter, but due to the asset’s smart contracts, and decentralized applications like DeFi, Dapp usage, total value locked in applications, and other metrics also matter a great deal in gauging the altcoin’s long-term health. Active ETH addressed have revisited the DeFi summer peak in August\u00a0 | Source: glassnode.com When these DeFi related metrics first exploded over the summer months, active ETH wallets reached a two-year high. Now, even without the supporting DeFi bandwagon booming, those active addresses have achieved a similar milestone. Surging activity is great for adoption, but what does this actually mean for Ethereum price? Crypto Market Cycle: Could The Top Altcoin Finally Catch Up To Bitcoin? Ethereum is currently trading at over $600 and is more than 50% away from its all-time high of $1,400 set at the start of 2018. The altcoin market topped out nearly two-to-four weeks after Bitcoin did, as profit flowed from the top-ranked cryptocurrency into altcoins and then finally into cash. Bitcoin, however, has not only set a new peak price in 2020, but the cryptocurrency is currently more than $3,000 higher than its former all-time high, even after an over $1,000 correction. Cleary, Bitcoin has been playing a game of catch up and excelling. Next, Ethereum could catch up and follow the top cryptocurrency’s trajectory. Could this uptick in activity cause Ethereum to catch up to Bitcoin finally? | Source: ETHUSD on TradingView.com Just like BTC wallet address activity spiking ahead of genuine interest and that familiar FOMO feeling returning to Bitcoin, the same uptick is happening in Ethereum. Related Reading | This Bearish Chart Pattern Could Cut The Crypto Altcoin Market Cap by 50% A boost in wallet activity last month even helped the crypto market’s biggest laggard, XRP, skyrocket as part of a 200% rally. If Ethereum can pull off a similar feat, a more than 200% rally is just what the altcoin needs to help propel it toward former peak prices, and potentially set a new record just like Bitcoin has. And because just as the summer months has shown, when Ethereum gets going, altcoins \u2013 especially DeFi tokens \u2013 also begin to move. Is this also the catalyst for a coming altcoin season? Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":452776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[30232,134,142,428,1119,1144,78790,6664,54512,8323,65296,1946,8686,78803],"class_list":["post-452773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-alt-season","tag-altcoin","tag-altcoins","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-defi","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nPrelude To Altcoin Season: Ethereum Active Addresses Revisit 'DeFi Summer' Highs<\/title>\n<meta name=\"description\" content=\"After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prelude To Altcoin Season: Ethereum Active Addresses Revisit 'DeFi Summer' Highs\" \/>\n<meta property=\"og:description\" content=\"After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T20:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:12:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1705\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "The Bull" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "The Bull" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs\",\"datePublished\":\"2020-12-21T20:00:58+00:00\",\"dateModified\":\"2024-06-11T14:12:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\"},\"wordCount\":566,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705\",\"keywords\":[\"alt season\",\"altcoin\",\"altcoins\",\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"DeFi\",\"ETH\",\"ethbtc\",\"ethereum\",\"ethusd\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\",\"name\":\"Prelude To Altcoin Season: Ethereum Active Addresses Revisit 'DeFi Summer' Highs\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705\",\"datePublished\":\"2020-12-21T20:00:58+00:00\",\"dateModified\":\"2024-06-11T14:12:12+00:00\",\"description\":\"After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705\",\"width\":2560,\"height\":1705,\"caption\":\"Young businesswoman watering pot with money tree. Mixed media\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit 'DeFi Summer' Highs","description":"After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/","og_locale":"en_US","og_type":"article","og_title":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit 'DeFi Summer' Highs","og_description":"After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017","og_url":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-12-21T20:00:58+00:00","article_modified_time":"2024-06-11T14:12:12+00:00","og_image":[{"width":2560,"height":1705,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs","datePublished":"2020-12-21T20:00:58+00:00","dateModified":"2024-06-11T14:12:12+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/"},"wordCount":566,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705","keywords":["alt season","altcoin","altcoins","bitcoin","btc","btcusd","BTCUSDT","crypto","DeFi","ETH","ethbtc","ethereum","ethusd","ETHUSDT"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/","url":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/","name":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit 'DeFi Summer' Highs","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705","datePublished":"2020-12-21T20:00:58+00:00","dateModified":"2024-06-11T14:12:12+00:00","description":"After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705","width":2560,"height":1705,"caption":"Young businesswoman watering pot with money tree. Mixed media"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs","url":"http:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["alt season","altcoin","altcoins","bitcoin","btc","btcusd","btcusdt","crypto","defi","eth","ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2020-12-21T20:00:58Z","datePublished":"2020-12-21T20:00:58Z","dateModified":"2024-06-11T14:12:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Prelude To Altcoin Season: Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"alt season\",\"altcoin\",\"altcoins\",\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"defi\",\"eth\",\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2020-12-21T20:00:58Z\",\"datePublished\":\"2020-12-21T20:00:58Z\",\"dateModified\":\"2024-06-11T14:12:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/ethereum-active-addresses-altcoin-season-Depositphotos_328170434_xl-2015-scaled.jpg?fit=2560%2C1705","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/452773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=452773"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/452773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/452776"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=452773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=452773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=452773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}