Ethereum Sees Surge with 1.83M New Users in a Week
Key Takeaways
- Ethereum gained 1.83 million new users in just one week.
- The adoption rate rose to nearly 40% – a sign of growing interest.
- Large market players (“whales”) are showing increased buying activity.
- On-chain data suggests potential price stabilization or recovery.
Strong User Growth for Ethereum
Ethereum (ETH) is currently experiencing a significant increase in new users. In just one week, 1.83 million new wallets were registered that interacted with the Ethereum network for the first time. This development coincides with a rising adoption rate, which recently approached the 40 percent mark according to data from IntoTheBlock.
A high adoption rate means that a large share of active users are new to the network. This indicates fresh interest and potentially long-term investments – not just short-term speculation.
What’s Driving User Growth
The increase in active users is especially evident in interactions with centralized exchanges (CEXs), staking platforms, and decentralized finance (DeFi) applications. These activities suggest that new participants are not only holding ETH but are actively using the network.
Such a rise in unique depositors is considered a positive signal for market activity and confidence in the Ethereum ecosystem.
Large Investors Are Moving the Market
In addition to the growing number of users, large investors – known as “whales” – are also showing increased activity. According to IntoTheBlock, the number of large transactions rose from 2,330 to 4,340 within a few days.
These transactions include both buys and sells, with net inflows to centralized exchanges being positive: 392,950 ETH flowed into exchanges, while 390,000 ETH were withdrawn. This results in a net inflow of 2,000 ETH – an indication that the buying side currently dominates.
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Market Sentiment: Between Recovery and Uncertainty
Current data points to growing demand that cannot be explained by speculation alone. Instead, it appears that a phase of market stabilization and maturation is underway. If this trend continues, it could also be reflected in Ethereum’s price performance.
In the short term, ETH could rise to around USD 1,660 if demand remains strong. However, if selling pressure increases again, a drop to USD 1,540 is possible. The key factor will be whether the buying side continues to dominate.
Our Assessment
Ethereum is currently showing clear signals of positive development. The strong increase in new users and the activity of large market participants suggest growing confidence in the network. Even though the price has not yet reacted significantly, the fundamentals could soon be reflected in a more stable price trend.
For you as an investor or user, this means: keep an eye on the on-chain data. If the trend continues, this could be a favourable time to engage more deeply with Ethereum – whether through staking, DeFi, or long-term investments.
Sources
- IntoTheBlock
- CryptoQuant
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $1,666.52 |
| 24h % | 2.16 % |
| 7d % | 2.12 % |
| 30d % | -17.37 % |
| 60d % | -41.15 % |
| 1y % | -47.82 % |
| Market Cap | $201,344,819,058.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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