2026-01-05 04:25:21

Recently, Ethereum's on-chain data has been truly impressive. After the upgrade, the number of new addresses surged by 110%, with nearly 300,000 new addresses flooding into the network every day. This growth rate indicates that user engagement is indeed heating up.

From on-chain activity, mid-term holders are gradually increasing, especially those who entered during the wave in early July. Most of them have now returned to the green zone. However, it must be acknowledged that some early entrants are still underwater, and this kind of divergence is common during market fluctuations.

Interestingly, when prices continue to rise, selling pressure often appears. Some holders who have turned red are inevitably choosing to take profits. This is a natural reaction of profit-taking and a process the market needs to digest.

Overall, the surge in network activity reflects that the attractiveness of the Ethereum ecosystem is still strong, with new users continuously coming in. This is a positive signal. However, whether the price trend and market sentiment can continue to align remains to be seen. How long do you think this wave of enthusiasm can last?

ETH-0,97%

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MEVictim

· 01-05 07:35

300,000 new addresses flooding in. It sounds exciting, but I'm still a bit worried that this might be just another prelude to a new round of retail investor harvest.

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Ser_Liquidated

· 01-05 04:55

300,000 new addresses flooding in wildly, but I'm more concerned about how long this wave of new investors can last...

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BrokenDAO

· 01-05 04:54

300,000 new addresses sound impressive, but you have to ask... how many of these will actually settle here? The projects that claimed to change the world have all boasted the same before.

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SerNgmi

· 01-05 04:51

110% surge sounds great, but I really doubt how many robots and arbitrageurs are in the 300,000 new addresses. --- Sell when green, take profits and run—that old routine. The key still depends on whether there's real utility supporting it. --- Having more new users is a good thing, but I'm worried it might just be another wave of retail investors rushing in to buy the dip. --- Are mid-term holders increasing? To me, it still looks like a bunch of people holding on stubbornly at high prices. --- Price pressure to rise is just what the market should do. What's so surprising about that? --- Wake up, everyone. The hype usually lasts only a month or two, then it's back to silence. --- Nice data ≠ a truly good ecosystem. Don't be fooled by on-chain metrics. --- Let's wait and see if there will be large outflows later—that's the real point to watch.

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ForkTongue

· 01-05 04:37

110% is indeed impressive, but a surge in new addresses ≠ new funds entering the market. To be honest, it's a bit hollow. Wait, has July turned green again? That was much more painful in the early days... The selling pressure is coming, brothers. The profit-taking mentality is about to explode. How long can the hype last? It depends on the market makers' mood, haha. More new users mean good news? I actually think more bagholders are coming... On-chain data looks good, but if the price doesn't rise, it's all for nothing. This kind of divergence is actually the most dangerous; a bottom might be about to collapse.

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