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Ethereum Holds Above $2,000 as Network Activity Stays Near All-Time High
Ethereum's on-chain metrics remain strong despite price volatility after Trump's remarks on Iran conflict
Apr. 2, 2026 at 10:04am
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Ethereum maintained a price above $2,000 despite heavy selling pressure in derivatives markets, as the network continued to see near-record levels of daily active addresses and new account creation. The contrast between Ethereum's robust on-chain activity and short-term price swings has kept the cryptocurrency at the center of market discussions.
Why it matters
Ethereum's network health, as measured by active addresses and new user growth, is seen as an important indicator of continued user engagement and developer interest beyond just short-term price fluctuations. This suggests Ethereum's role in decentralized finance, token issuance, and smart contract activity remains strong even as broader market volatility impacts price action.
The details
According to data cited by Santiment, Ethereum's market price was around $2,130 while the network continued to post strong user activity, with over 788,000 addresses per day interacting on the network and more than 255,000 new addresses being created daily. These figures placed Ethereum near all-time highs in network participation. However, Ethereum's price action turned weaker after President Trump's latest remarks on the Iran conflict, with over $1 billion in ETH sell volume hitting derivatives markets within one hour. Binance reportedly accounted for about $968 million of that ETH derivatives sell volume. The contrast between Ethereum's price weakness and network strength has kept the cryptocurrency at the center of market discussion.
- On April 2, 2026, Ethereum's market price was around $2,130.
- Ethereum saw over 788,000 daily active addresses and more than 255,000 new addresses being created per day on April 2, 2026.
The players
Santiment
A blockchain analytics platform that provided data on Ethereum's network activity.
Donald Trump
The President of the United States, whose remarks on the Iran conflict were seen as more aggressive than expected, impacting risk assets across markets.
Binance
A leading cryptocurrency exchange that reportedly accounted for about $968 million of the ETH derivatives sell volume in the aftermath of Trump's remarks.
What they’re saying
“Instead, Trump made it clear that Washington was prepared to continue its mission and strike Iran if needed.”
— Darkfost, Crypto market participant
The takeaway
Ethereum's robust on-chain metrics, including near-record levels of daily active addresses and new user growth, suggest continued user engagement and developer interest in the network despite short-term price volatility driven by broader market factors. This underscores Ethereum's central role in the decentralized finance ecosystem and its potential to maintain momentum even as global events impact cryptocurrency prices.
