Ethereum’s Wallet Growth Explodes, Setting the Stage for a Major Bullish Run

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January 28, 2025 by Sadia Ali

Ethereum’s network achieved a 27-month high in daily wallet creation, signaling robust growth despite recent price concerns.
Negative sentiment surrounding Ether contrasts with its dominance in DeFi and staking innovations.
Market projections point toward a promising future for Ether, driven by institutional adoption and improved fundamentals.

As the weekend drew to a close, Ethereum’s network recorded an unprecedented surge in activity. According to data by Santiment, 206,290 new ETH addresses were created between 24-25 January, the most significant single-day wallet creation since October 2022 and a number that underlines the continuous relevance of Ethereum.

The ETH price has been fairly flat, but crowd sentiment rests in the negative territory; still, core Ether is undefeated. The crypto retains its lead in terms of total non-empty addresses, essentially driven by excellent adoption in both DeFi and staking.

This growth happens simultaneously with the continuous shift of investor focus to other altcoins, but ETH still holds its position as one of the building blocks of the blockchain ecosystem.

Expert Sentiments on Ethereum’s Trajectory

Some investors indeed question Ethereum’s underperformance against the rest of the ecosystems, yet market participants feel optimistic. As such, influential voice NasyonaL stated in a tweet that a parabolic ETH run is due. He emphasized historical cycles: repeated bear runs consistently precede extraordinary surges in ETH’s price.

Meanwhile, Michaël van de Poppe expressed a balanced view regarding Ethereum’s present state: Despite being irritated with the asset’s flat price movements and the success of other ecosystems, he did reiterate his long-term belief in ETH.

Van de Poppe listed a few items the price needs to see to go bullish: weaker dollar strength, the yields that might fall, and global unrest stirring interest in decentralized assets. The elements, aside from Ethereum being right in the heart of DeFi infrastructure and a place of institutional onboarding, tend to point to strong recoveries for ETH’s price.

Is #Ethereum dead?

That's the prime question.

Trump has been buying mostly into $ETH, institutions are building mostly on $ETH, but the price remains to be flat.

Confidence is getting lost.

My portfolio is mostly dedicated towards the Ethereum ecosystem.

What's next?… pic.twitter.com/TtM5VICiSn

— Michaël van de Poppe (@CryptoMichNL) January 26, 2025

The Road Ahead for Ethereum

The story of ETH continues to be one of resilience and, more importantly, innovation. Though challenges are always at an arm’s length, the enticing prospects of new participants and sustained activity on the part of developers underpin Ethereum’s core functionality in the greater crypto universe.

All the signs are showing a surge in new wallet creation, apart from optimistic markets that already point towards the regaining upward momentum of Ethereum in the subsequent months.

Since this can provide an excellent overview in 2025, it goes without mentioning that Ethereum’s overall prospects improve through favorable macroeconomic conditions and greater regulatory clarity into its carefully planned ecosystem.

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