Between January 24 and 25, 2025, Ethereum achieved its highest network growth since October 2022, with over 206,000 new wallet addresses created. This increase comes amid a tough market, highlighting a potential bullish signal for ETH and its ecosystem.

Despite negative investor sentiment and price declines, the surge in wallet creation could indicate positive momentum. Additionally, Ethereum’s open interest in futures has reached record highs, suggesting robust trading activity and potential price movements for ETH.