Ethereum is showing a rebound of interest from investors, reaching significant figures in new user count and whale activities.
New User Influx to Ethereum
Recent data shows that Ethereum attracted 1.83 million unique new depositors over the past week. The percentage of new users on the platform reached nearly 40%, signaling a growing interest in the cryptocurrency and supporting the idea of long-term investments in the project.
Whale Activity
Major investors, known as "whales", are also exhibiting activity in the market. Their transactions increased from 2,330 to 4,340 over a short period. The net flow on exchanges shows a slight surplus in purchases: 392,950 ETH entered the exchange, while 390,000 ETH were withdrawn.
Outlook for Ethereum Recovery
If the current trend continues, Ethereum could regain momentum and reach the $1,660 mark. However, high volatility could bring the price down to $1,540.
With the influx of new users and active moves by major holders, Ethereum may be expecting positive changes. It's anticipated that the situation could strengthen in the coming weeks.
