Ethereum New Wallet Addresses on Spike As ETH Consolidates at $2,977, Suggesting Looming Market Momentum
The post Ethereum New Wallet Addresses on Spike As ETH Consolidates at $2,977, Suggesting Looming Market Momentum appeared on BitcoinEthereumNews.com.
Ethereum (ETH) is gaining substantial traction as a massive surge of new wallet addresses on the blockchain suggests remarkable network expansion. According to data shared today by market analyst Crypto Patel, the daily number of new addresses on the Ethereum network has significantly risen as the year draws closer to its end. As per the data (sourced from Santiment metrics), the daily count of new wallets on Ethereum now stands at 163k per day compared to 124k noted in July. This means that since the end of July, Ethereum has pulled in over 24.45 million new wallet addresses over the past multiple weeks and counting, signifying increasing user activity on the Layer-1 blockchain. Ethereum is now adding around 163K new wallets per day, up from 124K in July. More new addresses = growing on-chain engagement. A trend worth watching for the #2 crypto. pic.twitter.com/mJOSs4hbSF — Crypto Patel (@CryptoPatel) December 20, 2025 Ether On-Chain Adoption on The Rise The data indicated several important observations. The first one is that new wallet creations happened throughout this month. Specifically, the data singled out two days this month (December 2 and December 15) when Ethereum experienced additions of 197,380 and 195,460 new wallets, respectively. These days registered the highest daily wallet creations, exceeding records noticed during Ether’s peak market rallies in August and September. This pace of wallet creations signifies that ETH could be moving into a crucial phase where its network strength starts to bolster price action upside, despite long-term investors remaining bearish. The setups of new addresses show genuine customer activity on the Ethereum network, pointing out increased adoption of the chain. The trend showcases that the blockchain is not just experiencing speculative interest but is also preparing to witness a new price surge soon because of this genuine user engagement. The…
Filed under: News - @ December 21, 2025 5:00 am