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)

The average indicator is less than in October and September. In November, the index showed an average of 46 points.

eth activity index min and max values (source: app.analytex.today)

The minimum value was observed on November 27th and was 41 points. The maximum value was observed on November 9th and amounted to 68 points.

Ethereum transaction statistics

Average number of Ethereum transactions per day has been declining for more than 6 months now

In November, the total number of Ethereum transactions was 31,264,848 with average daily volume of 1,042,161 transactions. The number of Ethereum transactions in October was 34,122,532 with average daily volume of 1,100,726 transactions. Compared to October, the average number of transactions per day in November decreased by 5.62% continuing to decline for 6 months in a row.

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

November is not distinguished by significant events and peaks. The highest average number of transactions in November was made on the ninth with a peak of 1,219,648 transactions, it is less than in October.

eth transactions peak, November 2022 (source: app.analytex.today)

Ethereum block statistics

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

The number of blocks per day and the block size remain almost unchanged

In November, The Ethereum Average Number of Blocks Per Day chart shows the interesting statistics. The average number of Ethereum blocks per day in November was 7,158, and the average number of Ethereum blocks in October was 7,157, the difference is only 1 block or 0.01%.

eth average number of blocks per day in November 2022 (source: app.analytex.today)

The number of blocks per day chart looks really stable after The Merge.

eth blocks per day in November 2022 (source: app.analytex.today)

The average block size was 0.51 Gb in November. In October, this value was 0.50 Gb. The average size of blocks mined per day has increased by 1.96%.

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

The Eth Total Block Size Per Month, Gb chart shows that that the total block size in November was 15.28 GB, in October it was 15.4 GB. The value has decreased by 0.78%.

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

Ethereum gas prices statistics

Average Ethereum gas price increased by 1.82% in November

In October, the average Ethereum gas price was 22.47 gwei, in November it was 22.88 gwei. The gas price increased by 1.82%.

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

The minimum value of the gas price in November was recorded on the 27th and was 13.38 gwei. The maximum value was recorded on the 9th and was 61.07 gwei.

ethereum average gas price per day in November 2022 (source: app.analytex.today)

Ethereum new smart contracts statistics

The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%

The number of ERC-20 tokens created on the Ethereum network in October was 14,295, In November this figure was 9,050. It has decreased by 58%. A similar decrease is observed in all chains.

Ethereum active addresses statistics

In November, the average number of unique active crypto wallets per day decreased by 7.27%, but the average number of unique active smart contracts increased by 4%.

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 November, the average number of unique active crypto wallets per day in the Ethereum blockchain was 401,577, in October this figure was 430,783, so it is a decrease of 7.27%. The similar dynamics was observed last month.

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

In turn, the number of active smart contracts has slightly increased. This value in November was 25,100. It was 24,123 in October. It is an increase of 4%.

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.

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.

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

At moment of writing, it’s difficult to imagine a bullish short-term narrative for ETH, as most technical indicators are flashing bearish signals.

Data-driven conclusions

The data from November clearly shows that the consequences of the Merge that occurred in September are already fully entrenched in the chain. Such a conclusion can be drawn from the record low changes in the number of blocks mined per day, their size also practically does not change. Otherwise, the market is still moving in the direction of Winter, as all indicators have been falling for more than 6 months. The number of new tokens being created in all networks has decreased especially strongly - developers are still waiting for some kind of signal for growth, which everyone is waiting for more than ever.

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