- Ethereum new addresses stay within the 90,000 range.
- The number of new depositors remains low.
Ethereum’s [ETH] price has experienced a positive trend lately, and one might have anticipated a surge in new users eager to join the excitement. Despite a steady influx of new users, there is no apparent sense of urgency or rush.
Mixed signals from Ethereum’s new addresses
A recent post from IntoTheBlock showed that Ethereum has yet to see a surge in new addresses despite the prevailing bullish market conditions.
However, an examination of the new address metric on Glassnode showed some noteworthy trends. The chart indicated a consistent trend, aligning with the overall pattern observed throughout the year. This is despite that there has not been a recent spike.
Source: Glassnode
Furthermore, the analysis showed that, as of this writing, the number of new addresses was over the figures recorded at the beginning of the year.
The chart displayed intermittent spikes, yet the count of new addresses consistently was around the 90,000 mark. At the time of writing, the number of new addresses was 91,547, with a notable spike observed.
Ethereum new stakes declines
Ethereum has recently encountered a setback, particularly in the number of new depositors. According to CryptoQuant data, there has been a significant decline in the number of new depositors or stakers.
The chart indicates that, at the time of this report, the count of new depositors was around 1,300. At the beginning of the month, this number was nearly twice
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Author: Adewale Olarinde
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