$ETH The Ethereum network is experiencing a powerful resurgence, marked by a sharp rise in new users, higher transaction activity, and improving investor sentiment. According to Cointelegraph, on-chain data from Glassnode shows that Ethereum’s “activity retention” has nearly doubled over the past month. This suggests that the recent surge is not merely driven by existing users becoming more active, but by a significant influx of new participants who are continuing to engage with the network over time.
The number of new Ethereum addresses has climbed dramatically, rising from just over 4 million to approximately 8 million in a single month. Meanwhile, Etherscan data reveals that active addresses on the network have more than doubled over the past year, increasing from around 410,000 to over 1 million as of January 15. Daily transaction volume has also reached a new all-time high of 2.8 million transactions, representing a 125% increase compared to the same period last year.
$ETH This explosion in activity is largely attributed to the rapid growth of stablecoin usage on Ethereum, combined with falling transaction fees. According to macroeconomics outlet Milk Road, Ethereum’s strategy of shifting execution to Layer 2 networks while maintaining secure settlement on Layer 1 is proving effective, positioning Ethereum as scalable financial infrastructure.
Market confidence around Ethereum is also improving. Justin d’Anethan, head of research at Arctic Digital, noted that previously oversold indicators are now turning upward, signaling potential price appreciation driven by renewed capital inflows into ETFs, stablecoins, and native crypto protocols. Additionally, Nick Ruck of LVRG Research highlighted that Ethereum staking has reached nearly 36 million ETH, further tightening liquid supply.
These strong on-chain fundamentals, combined with sustained ETF inflows and recent scaling upgrades that reduce gas fees and increase speed, suggest Ethereum may be approaching a breakout. ETH recently touched a two-month high of $3,400 before consolidating near $3,300, with analysts expecting further upside as liquidity tightens.
#eth #btc #sol #pepe $ETH