Glassnode’s latest ETH market analysis reveals an interesting shift — a spike in new ETH buyers and a surge in short-term trading activity. This points to two things: fresh investors entering the market and long-time holders willing to pay more to grow their positions.
In short, ETH’s popularity is heating up. Newcomers are testing the waters, while veterans see current prices as fair — even attractive — for adding more. Such a mix of fresh interest and seasoned confidence often hints at potential big moves ahead.
But here’s the caution: when a wave of new investors pours in, markets can be close to a peak. Even experienced traders aren’t infallible. Don’t just follow the hype — think strategically before jumping in.