• Ethereum’s new adoption rate spiked, adding 1.83 million users in one week.
• Whales increased large transactions, with buying slightly outweighing selling activity.
• Rising demand and user growth hint at a possible Ethereum price recovery soon.

Ethereum — ETH, has been struggling with price movements recently, but its underlying fundamentals are gaining strength. In the last week, the altcoin saw a dramatic spike in user adoption. According to IntoTheBlock, Ethereum’s new adoption rate reached nearly 40%, signaling growing interest. More than 1.83 million new users have joined the Ethereum ecosystem, highlighting a sharp increase in activity. But what does this surge in adoption mean for Ethereum’s price recovery?

Growing User Demand: A Sign of Market Maturity

The rise in Ethereum’s adoption rate reflects a broader shift. More users are becoming active, with new depositors climbing to 1.83 million in one week. Such a rise indicates not only increasing interest, but also rise in engagement. Whether through centralized exchanges (CEXs), staking, or decentralized finance (DeFi) protocols, more individuals are actively participating in the ecosystem.

What’s more, this rise isn’t just a short-term spike. The market appears to be maturing, with long-term investors entering the space. Speculative behavior is being replaced by genuine user interest. When demand shifts beyond the speculative frenzy, it often signals a more stable and sustainable market environment. And for Ethereum, this increasing adoption could be the foundation for a price rebound.

Whales Are Active: A Positive Sign for Price Recovery

Big players, or “whales,” are playing an important role in Ethereum’s recovery. Their transactions have surged, with the number of large transactions reaching 4.34k—up from 2.33k. This uptick suggests that whales are either buying or selling in larger quantities, signaling significant market activity. When looking at the exchange netflow, whales appear to be more active on the buy side. Ethereum has seen an inflow of 392.95k ETH from large holders, while only 390k ETH has left the market.

Whales seem to be leaning more toward buying than selling, even if the difference isn’t huge. That slight edge on the buy side suggests confidence from big players who often drive price moves. When large holders start showing up like this—alongside a wave of new users—it puts Ethereum in a pretty strong spot. The way things are shifting could easily build momentum for a price jump, especially if buying pressure keeps gaining ground.

With both user growth and whale activity picking up, Ethereum might be gearing up for a solid rebound. If this adoption continues to rise, we could see Ethereum’s price target a recovery zone around $1,660. However, if volatility increases, there may be a pullback to $1,540 before a sustained rise. Either way, Ethereum is positioned to move forward as new users continue to drive market momentum.

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