- New ETH addresses surged to over 200,000 daily while price dropped 5.57% to $3,051.
- Non-zero ETH addresses reached 136M with steady upward trajectory, suggesting growing ecosystem adoption.
Ethereum’s [ETH] network metrics have reached significant milestones in January 2025, with new address creation hitting a 27-month peak despite recent price corrections.
This surge in network activity provides crucial insights into potential market dynamics and adoption trends.
ETH price action and technical overview
The ETH/USD pair was trading at $3,051.36 at press time, marking a notable 5.57% decline in recent trading.
The MA cross between the 50-day (3,452.83) and 200-day (2,988.11) moving averages maintained a bullish structure, though price action has retreated below the 50-day MA.
Trading volume stood at 75.74K ETH, indicating substantial market participation during the selloff.
The Chaikin Money Flow (CMF) indicator reading of -0.04 suggested a slight bearish bias in money flow, though it remained near neutral territory.
This technical setup reflects short-term selling pressure while maintaining longer-term bullish market structure.
Network growth analysis
AMBCrypto’s analysis of Glassnode data revealed a remarkable spike in new Ethereum addresses.
The chart showed addresses reaching approximately 200,000 between the 24th and the 25th of January, a level not seen since October 2022.
This surge re
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Author: Adewale Olarinde
