Renewed Interest in Ethereum as Metrics Resurface Strongly: What’s Next for ETH?
The interest in Ethereum is being renewed as the cryptocurrency’s metrics are resurging strongly, as recent data has revealed. What’s next for ETH?
Santiment platform analysts observed Ethereum is currently seeing an eight-month high in new wallet creation. According to the analysis, with an average of 130,2 thousand addresses appearing on the network every day so far in December, ETH is seeing renewed interest that it hasn’t seen since April.
Source: Santiment
In the same vein, renowned cryptocurrency analyst Ali Martinez, noticed the recent rise in the ETH network, suggesting that positive momentum is imminent for the second-largest cryptocurrency. “On-chain metrics for Ethereum are strong this week: – Active addresses are up 4,24% – New addresses are up 2,65% – Addresses with zero balances are down 4,06% Momentum is building for $ETH!”
Martinez highlighted in another analysis that one of the most important support levels for Ethereum currently lies between $3.700 and $3.810, where 3 million wallets have purchased 4,6 million ETH tokens.
Source: IntoTheBlock/Ali Martinez
At the time of publication, the price of Ethereum was quoted at $3.850,54, up 1.8% in the last 24 hours. In its weekly development, the asset showed a retracement of 2.2%.
Ethereum in 2025: Bitwise Forecast
The cryptocurrency market is about to experience a year of major transformations, according to Bitwise Investments. The digital asset manager has just released its predictions ambitious for the cryptocurrency Ethreum in 2025.
In a recently released report, Bitwise highlighted the potential rise of ETH, projecting that the cryptocurrency is set to reach an impressive $7 next year.
Ethereum is set to undergo a year of consolidation, according to a report from Bitwise. The firm predicts that Ether’s price will reach $7.000 by 2025, driven by ETFs and activity on Layer 2 blockchains, as well as the massive growth of stablecoins and tokenized projects built on Ether.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why suspend RMPs? Explanation from New York Fed SOMA Manager Perli
"Agent vs US Treasury" — Who Will Dominate the US Stock Market?
The wave of AI Agents and US Treasury yields are splitting the US stock market into two worlds: Meta's release of the Muse model boosted its market value by $220 billion in a single week, propelling the Nasdaq's standout performance; however, excluding AI stocks, the S&P 500 actually fell 1% this week, with the number of new lows on the New York Stock Exchange surpassing new highs for nine consecutive days, signaling the near end of "breadth trading." Goldman Sachs bluntly stated that this is a "frustrating cat-and-mouse game" between the stock market and interest rates—any breakout can be snuffed out by the bond market at any time, so equity holders must short US Treasury bonds to hedge simultaneously.
Hopes for a ceasefire between the US and Iran encounter obstacles again! Trump rejects Iran's seven-day proposal; inflation pressure under $100 oil prices remains difficult to ease
Trump rejects a ceasefire with Iran, and it is expected that bombings will occur again after the midterm elections. The president doubts whether Tehran will meet his demands.
Tesla ramps Optimus production 10-fold but robot hands are holding Elon back
Crypto prices
More
