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2025-06-20 16:41:28

Ethereum comes to life: the growth rate of the coin is possible

1. Growth of the User Base

  • Creation of New Wallets:
    • In recent weeks, between 800,000 and 1,000,000 new wallets have been created on the Ethereum network. This is a significant increase, approximately 30% higher than the level in 2024.
    • Such growth may indicate heightened interest in the Ethereum ecosystem and its applications, which is crucial for the long-term development of the network.

2. Utility of the Network

  • Independence from Prices:
    • Despite the 25% drop in the price of ETH since the beginning of the year, the utility of the network continues to grow. This may suggest that users and developers see value in using Ethereum for creating decentralized applications (dApps) and smart contracts.
    • The increase in activity on the network may also be linked to the growing interest in DeFi (decentralized finance) and NFTs (non-fungible tokens).

3. Expert Opinions

  • Altseason on the Horizon:
    • Michael van de Poppe notes that ETH is consolidating at a level of 0.02405 BTC, which may indicate growing interest in altcoins. Consolidation at such levels often precedes significant price movements.
    • Doctor Profit has opened a long position on BTC worth $10 million with a x30 leverage, anticipating a repeat of growth, which also reflects high confidence in the potential rise of the market.

4. Technical Analysis

  • Moving Average:
    • ETH and BTC are moving along the 800-hour moving average, known as the "golden line." This is an important indicator that can signal stability and the direction of price movements.
    • In the past, such patterns have often preceded significant increases. For example, in April, ETH rose by 56% after consolidation. If the current pattern repeats, it could lead to a new growth phase in the market.

5. Conclusion

  • Prospects:
    • The increase in the number of new wallets and the growth of the network's utility may support prices for ETH and other altcoins, even amid volatility.
    • If current trends continue, this could signal the beginning of a new altseason and significant opportunities for investors.

Possible Risks

  • Market Volatility: Despite positive signals, the cryptocurrency market remains volatile, and changes in the macroeconomic situation or regulatory environment could impact prices.
  • Competition: Other blockchains and platforms are also developing, which may affect Ethereum's market share.

 

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