In recent weeks, Ethereum has seen a resurgence in wallet creation, countering a trend of stagnant network activity. As analysts focus on potential price shifts, ETH is currently struggling beneath the $3,000 mark.

Wallet Creation Resumes

Data indicates a renewed interest as new wallet creation surged, with figures surpassing prior peaks. Notably, recent days saw over 197,000 new wallets on December 2, followed by 195,000 more on December 15. Such numbers hint at a potential revival of retail activity, which had notably diminished.

📈 “Ethereum is witnessing an increase in new wallets with an average of 163K addresses created daily, a rise from July’s 124K.” — Santiment

Potential Price Moves

Despite price dips below $3,000 earlier this week, there is optimism in the market. Some analysts suggest that Ethereum might be gearing up for a substantial rebound, with predictions suggesting a climb toward $3,700. Merlijn The Trader notes, “This Ethereum Move Will Catch Everyone Off Guard.”

This developing situation presents a valuable opportunity for traders and investors observing the market closely.