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.
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