Ethereum [ETH] is making big moves in 2025, even though its price has dropped. Ethereum’s network is attracting more users, and people are creating new accounts at record rates. This could mean exciting things for the future.
What’s Happening with Ethereum’s Price?
Right now, ETH’s price is at $3,051, which is a 5.57% drop from recent highs. However, experts are still hopeful because the price trends show promise. For instance, the 50-day moving average (3,452.83) is still above the 200-day moving average (2,988.11). Traders call this a bullish signal, often pointing to a possible price recovery.
Although prices dipped below the 50-day average, the Chaikin Money Flow (CMF) indicator was at -0.04. This suggests slight selling pressure but also hints that the market isn’t too bearish overall.
Why Are So Many New Addresses Being Created?
One big thing to note is the surge in new Ethereum addresses. Between January 24 and 25, over 200,000 new ETH accounts were created in a single day. This hasn’t happened since October 2022!
Usually, 100,000 to 120,000 new accounts are made daily. But this recent spike shows more people are entering the market, even with prices going down. Historically, this kind of growth in accounts often happens during uncertain market times. When prices are low, new investors and users see it as a chance to join the network.
More Wallets Hold Ethereum Than Ever Before
Another positive sign is the rise in Ethereum wallets that have some ETH in them. These are called non-zero balance wallets, and there are now 136 million of them—more than ever before!
Even when prices have fallen in the past, the number of wallets with ETH kept growing. This shows that more people are using Ethereum for more than just trading. Some are holding onto it for the long term, and others are using it in apps and services that run on the Ethereum network. This steady increase shows that Ethereum’s popularity is about more than just its price. It means more people and businesses are finding value in what ETH offers.
What Does This Mean for Ethereum Future?
The rise in new accounts and non-zero balance wallets points to strong adoption. Even though ETH’s price is down now, the network’s growth could signal a recovery is coming. When new users join during price drops, it often means they’re preparing for future gains. These patterns have happened before during key moments in ETH’s history. The combination of more users and steady wallet growth shows a mature market. It also suggests that bigger investors, like institutions, might be taking notice of Ethereum’s potential.
Final Thoughts
While ETH’s price has faced some challenges recently, the growing adoption of its network is a good sign. New addresses and more people holding ETH show that confidence in ETH remains strong. These trends could set the stage for a future price recovery, making Ethereum one to watch closely in 2025.
