RLinda ! ETHUSD-> LimitBase 1280 What to expect from the price?

ETHUSDT. According to data provided by Santiment, the number of daily active addresses has fallen to its lowest level since June, indicating a decrease in unique addresses interacting with the network. This fact has raised fears of more Ethereum declines in the medium term
The decline in DAA came after Ethereum corrected 81.89% from its November 2021 high of $4868.
Based on this, the following conclusion can be drawn:
-suspended their interaction with the network until positive times
-Ithereum users are leaving the market
Ethereum is forming a limit zone above the $1279 level. The price could start a steady rise if there is a clear move above the $1,300 resistance zone.

• Ethereum owns strong support formed by limit orders in the $1280 zone
  
• The price is now trading in the risk zone between the 1300-1280 price
  
• Price is trading below 50-MA and 200-MA on 1H, 4H, 1D charts. The reaction is weakening with each new test
  
• A new connecting bearish trend line is forming on the hourly chart of ETH/USD with resistance around $1,295 (filed via Kraken).
  
• The pair could start a decent upside move if momentum forms, breaking up through the 1300, 1320, 1350 zones
  

If Etherium fails to move above the $1,300 resistance, it could continue to move down.

• The key zone for the fall remains 1280, if it breaks through which a strong momentum will form.
  
• Initial support on this side is approaching the 1200 level, which will be the primary target.
  
• The next major support is approaching the $1,080 level.
  
• Any further losses could lead to further price declines towards 1020 and 880 support
  

*News sources used included data from research firm Santiment

Regards R. Linda!