The post Ethereum Leads In Address Growth Indicating Investor Confidence appeared on BitcoinEthereumNews.com.

Ethereum had the highest number of addresses adding ETH to their balances since the start of 2025. This is according to a recent Santiment analysis which looked into holder fluctuations of the top cryptocurrencies. The Santiment analysis revealed that Ethereum added 645,000 wallets within the first 10 days of 2025. Not only did it add new wallets, but they were also significantly higher than its top rivals. For example, Bitcoin which was the runner-up had 102,000 wallets during the same period. Source: X The difference between ETH wallets and Bitcoin wallets growth could indicate that there is more interest in the former. If that is the case, then it could signal that ETH demand is on the rise. However, the cryptocurrency has been struggling to recover after the December pullback. – Advertisement – ETH Whales Are Buying the Dip Some on-chain metrics indicate that Ethereum demand is making a weekend comeback. For example, large holder inflows were higher than the time of observation compared to large holder outflows. Inflows came in at 547,230 ETH while outflows were significantly lower at 321,650 ETH. In other words, there was over $743 million worth of buying pressure from whales. ETH large holder flows / source: IntoTheBlock The strong whale activity may indicate that the cryptocurrency will likely enjoy some relief over the coming few days. However, this will depend on whether the bears will ease off their assault and whether demand can be sustained. ETH exchange flows have also been declining, indicating that both sell pressure and buy pressure have been declining. ETH exchange flows / source: CryptoQuant Exchange flows notably dipped into levels last seen in the first week of November. This is the same zone that was characterized by a robust wave of demand that fueled the rally that lasted between…

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Filed under: News - @ January 11, 2025 9:26 pm