@Ethereum has climbed to $3,215, fueled by aggressive accumulation from shark wallets holding 1,000–10,000 $ETH These mid-tier holders often treated as smart-money indicators have been steadily stacking ETH, tightening supply and signaling a growing confidence in Ethereum’s next major move. Their accumulation during market uncertainty suggests a shift toward bullish conviction rather than short-term speculation.
What makes this surge even more compelling is the explosion in on-chain activity. Santiment reports 190,000 new Ethereum wallets created in a single day, marking one of the strongest network growth spikes of the year. This surge reflects rising user adoption across DeFi, staking, NFTs, and RWA platforms, all of which continue to anchor Ethereum’s role as the leading smart-contract ecosystem.
The rapid increase in new wallets indicates fresh liquidity and participation entering the network. It also shows renewed interest from builders, developers, and first-time users who are beginning to interact with Ethereum’s expanding technology stack. Historically, such spikes in address creation precede increases in transaction volume and ecosystem engagement.
When strong accumulation meets accelerating network growth, the market tends to respond with sustained momentum. This combination suggests Ethereum’s recent price action is supported by genuine fundamentals, not just temporary hype or volatility-driven trading.
If these trends continue shark accumulation rising and user adoption surging Ethereum could be entering a multi-week expansion phase that redefines market expectations heading into 2025.
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