Compass Investments

– Etherium is showing one of the most robust network expansions of the current year, with the number of newly created wallets increasing significantly in December.

However, despite the rush of new users, the value of ETH has been stuck in sideways movement, suggesting a discrepancy between the network’s actual performance and investor sentiment.

Insights from Santiment and TradingView suggest that Ethereum may be entering a key phase where the blockchain’s intrinsic power is starting to push the price up, even amid reticence from long-term holders.

According to Santiment, the daily growth of the Ethereum network, as measured by the number of new wallets, spiked sharply throughout December.

Two powerful spikes are particularly notable:

these are some of the highest daily values in recent months, surpassing the growth rates seen during Ethereum’s summer boom.

This rate of new wallets usually serves as a precursor to: This rapid influx into the network is often a precursor to a price acceleration, especially if it persists for weeks.

In contrast to the network’s rapid growth, ETH’s price dynamics paint a different picture.

Ephirium has been trading between $2,800 and $3,300 for nearly six weeks now, unable to overcome resistance or fall back to lower levels. The market is showing