Ethereum (ETH) Price Prediction: Active Addresses Jump Above 800K—Is ETH Preparing to Break the $3,600 Ceiling?
The post Ethereum (ETH) Price Prediction: Active Addresses Jump Above 800K—Is ETH Preparing to Break the $3,600 Ceiling? appeared on BitcoinEthereumNews.com.
Over the past two weeks, Ethereum has experienced a notable increase in on-chain engagement, driven by recurring wallets interacting with DeFi protocols and NFT platforms. This trend reflects more than mere speculative interest, suggesting growing real-world usage and a strengthening network ecosystem. Analysts note that understanding the quality of this activity is key to assessing potential price implications for ETH in 2026. Ethereum Network Activity Doubles, But Context Matters Blockchain analytics from Glassnode indicate that Ethereum’s daily active addresses grew from roughly 400,000 to over 800,000 between January 7 and 15, 2026. Verification from YCharts shows that Ethereum reached 1.297 million active addresses on January 16, more than double the 410,000 recorded during the same period last year. Ethereum’s daily active addresses more than doubled to over 800,000 in two weeks, reaching 1.297 million by January 16, 2026, reflecting stronger adoption driven by DeFi and NFT activity. Source: Ali Martinez via X A deeper look at the data reveals that this surge is not solely due to new wallet creation. Activity is increasingly concentrated in recurring wallets interacting with DeFi protocols and NFT marketplaces, rather than one-off transfers. Analysts note that this differs from previous spikes, such as the NFT-driven cycles in 2021, where address growth did not always translate into sustained price appreciation. Ethereum’s rising active addresses indicate meaningful engagement, but the quality of activity is crucial, with recurring use in DeFi suggesting more durable network demand compared to casual transfers. Ethereum Price Overview Despite the network growth, Ethereum’s price remains relatively stable around $3,300. As of January 18, 2026, ETH trades above the key $3,230 support level, reflecting resilience amid short-term fluctuations. Technical analysis shows consolidation in the $3,400–$3,600 range, with higher lows defending against sellers. A recent temporary dip to $3,260, referred to as a liquidity grab…
Filed under: News - @ January 18, 2026 11:17 am