TL;DR
- Ethereum’s adoption has increased with 1.83 million new users in the last week, highlighting growth in interactions with the network.
- Whales have shown greater activity, buying more ETH than they are selling, with flows into their wallets exceeding outflows, indicating an interest in holding.
- Ethereum could be in a stabilization phase, with the market moving away from short-term speculation and a potential recovery in ETH’s price.
Ethereum (ETH) adoption has grown considerably in the past week, with 1.83 million new users, showing a clear increase in participation on its network. This growth indicates that more people are interacting with the platform, especially through centralized exchanges, staking, and DeFi protocols.
Are Whales Holding?
The rise in adoption is not only coming from small users. Whales are also showing a high level of activity. Transactions from these large investors have increased, suggesting that they are buying more ETH than they are selling. In fact, the ETH flows into the whales’ wallets have exceeded the outflows, indicating an interest in holding.
ETH's new adoption rate approached 40% last week, a clear sign of user growth.
This signals strong interest from first-time users and, considering the current market environment, highlights growing interest beyond speculation. pic.twitter.com/lKS1EF98ie
— IntoTheBlock (@intotheblock) April 21, 2025
With more users and increased whale activity, Ethereum seems to be in a phase of stabilization. This could be a sign that the ETH market is moving away from short-term speculation and entering a period of maturity. If the trend continues, there could be a positive impact on ETH’s price in the coming months, with the possibility of surpassing $2,000, although there is also the potential for corrections toward $1,500 due to market volatility.
Ethereum (ETH) Recovers
According to the latest data from CoinMarketCap, Ethereum (ETH) is trading just above $1,700 per unit, registering a rise of more than 8% in the last day. Its rise aligns with the recovery of the crypto market, particularly Bitcoin, which surpassed $91,000.
The increase in adoption also demonstrates users’ long-term commitment to the Ethereum ecosystem. Together, these factors suggest that ETH could be in an ideal position for a rebound in the short and medium term
