Ether stuck below $2k as network growth halts: Check forecast

Ether, the second-largest cryptocurrency by market cap, is trading in the green after adding less than 1% to its value. However, it is still trading below $2k as the Ethereum network growth has stalled over the past week, halting an explosive rise over the past two months. Despite the halt, Ether bulls are eyeing the $2,107 resistance level in the near term as the broader crypto market recovers from its recent dip. Ethereum active addresses are now declining According to CryptoQuant, active addresses and transaction counts on the Ethereum network surged to record highs over the last two months despite Ether losing 42% of its value during that period. However, both metrics have begun to decline over the past week.…