All charts are available at the AnalytEx Ethereum Charts & Statistics.

Ethereum Activity Index

Ethereum activity index is calculated automatically based on a combination of several factors, such as active wallets on the network, gas used, transaction statistics. It shows the activity of users on the Ethereum network. eth activity index historical chart (source: app.analytex.today)

In January, the index showed an average of 51 points, the index is growing from month to month.

The minimum value was observed on January 22nd and was 43 points. The maximum value was observed on January 8th and amounted to 58 points.

Interestingly, the peak of activity falls on the 8th-10th day of each month for several months in a row.

Ethereum transaction statistics

Average number of Ethereum transactions per day has been declining a little for more than 8 months now

In January, the total number of Ethereum transactions was 31,857,827 with average daily volume of 1,027,671 transactions. The number of Ethereum transactions in December was 32,114,441 with average daily volume of 1,035,949 transactions. Compared to December, the average number of transactions per day in January decreased insignificantly by 0.8%, but it is still the decline, which has been lasting for 8 months now.

eth average number of transactions per day (source: app.anayltex.today)

The highest average number of transactions in January was made on the 8th with a peak of 1,184,114 transactions.

eth transactions peak, January 2023 (source: app.analytex.today)

Ethereum block statistics

Average number of Ethereum blocks per day has changed by just 0.01%

Ethereum total block size per month has increased by 7.08%

In January, The Ethereum Average Number of Blocks Per Day chart shows the interesting statistics. The average number of Ethereum blocks per day in January was 7,163. After the merge, this indicator is very stable, it changes not for more than 0.01% per month.

eth average number of blocks per day (source: app.analytex.today)

The average daily block size was 0.56 Gb in January. In December, this value was 0.52 Gb. The average size of blocks mined per day has increased by 7.96%.

eth average daily block size (source: app.analytex.today)

The Eth Total Block Size Per Month, Gb chart shows that the total block size in January was 17.24 GB, in December it was 16.1 GB. The value has increased by 7.08%.

ethereum total block size per month (source: app.analytex.today)

Ethereum gas prices statistics

Average Ethereum gas price increased by 29.27% in January

In December, the average Ethereum gas price was 19.2 gwei, in January it was 24.82 gwei. The gas price increased by 29.27%.

eth average gas price per month (source: app.analytex.today)

The minimum value of the gas price in January was recorded on the 1st and was 18.04 gwei. The maximum value was recorded on the 18th and was 33.56 gwei. The minimum value in January is significantly higher than the minimum value in the previous month, while January did without significant peaks. It indicates an increase in user activity on the network as a whole.

ethereum average gas price per day in January 2023 (source: app.analytex.today)

Ethereum active addresses statistics

In January, the average number of unique active crypto wallets per day decreased by 10.32%, but the average number of unique active smart contracts increased by 6.74%.

AnalytEx engine is able to track a number of unique daily and monthly addresses of active crypto wallets and smart contracts in various blockchains distinguishing the addresses by signatures of wallets and smart contracts.

In January, the average number of unique active crypto wallets per day in the Ethereum blockchain was 387,475, in December this figure was 427,498, so it is a decrease of 10.32%. It is the lowest figure in the last six months.

ethereum average number of daily active wallets (source: app.analytex.today)

In turn, the number of active smart contracts has increased. This value in January was 24,159. It was 22,633 in December. It is an increase of 6.74%.

ethereum average number of daily active smart contracts (source: app.analytex.today)

Ethereum price

In terms of price action, ETH peaked at roughly $1,650 in November before a big sell-off that was triggered by the collapse of the FTX cryptocurrency exchange. On November 22, ETH found support at $1,080 and proceeded to recover towards $1,300 at the end of the month. In the crash in early November, ETH dropped below its 50-day simple moving average, and it has stayed under this key moving average since. Interestingly enough, the $1,650 top in November touched the 200-day simple moving average, but there wasn’t enough bullish pressure to break through.

However, thanks to a renewed optimism sweeping both traditional and crypto markets at the begining of 2023, Ethereum hit the $1,720 price point on February 2nd, its highest point since September 2022.

During November, the RSI for Ethereum stayed in the neutral zone, except for a very brief time on November 8 when it entered the oversold zone. After this, the RSI slowly climbed towards 53.5, and stabilized around this level. The renewed bout of positive market activity in January saw the RSI climb beyond the 63.3 mark by January 31st.

Ethereum SMA50 (green), SMA200 (purple), and RSA14 (2nd chart) (source: CoinCodex)

At the moment of writing, most technical indicators are flashing bullish signals, which suggests a short-term bullish narrative is in the cards.

Data-driven conclusions

In terms of data on the Ethereum blockchain, January does not stand out much compared to previous months. Many indicators still continue to fall, for example, the number of transactions, as well as the number of unique active wallets, have become lower than in December, but at the same time, the Ethereum activity index has grown, the number of active smart contracts has grown, as well as the average cost of gas prices, which says about the increased interest of both current blockchain users, as well as smart contracts developers. The price of Ethereum showed a significant increase in January, but the number of unique users decreased, which means February will be a very significant month in terms of data.

All charts are available at the AnalytEx Ethereum Charts & Statistics.