Alcista signal? Ethereum experiences the greatest increase in network growth since October 2022

Despite the negative feeling that surrounds ethereum in recent months, the cryptor has just recorded significant growth, as had not been seen in more than two years.

According to a<a target="_blank" href="https://x.com/santimentfeed/status/1883760930153992672″ data-wpel-link=”external” target=”_blank”> analysis According to the Santiment Market Intelligence Platform, between January 24 and 25, ethereum witnessed a significant increase in network growth, the highest since October 8, 2022.

The creation of eth wallets shoots

Before the weekend ended, ethereum users created 206,290 new addresses. Santimento said that this increase in the daily creation of wallets occurred in the midst of slight concerns about prices within the cryptography industry.

In addition, the feeling among Ether investors (eth) has been extremely negative, especially because other Altcoins have surpassed the second largest cryptocurrency. Last week, cryptopathate He informed that the market capitalization of other assets such as Solana (Sol) and Ripple (XRP) had grown monthly in two digits, while eth was in red numbers, with a fall of 4.7%.

ethereum has also had poor performance compared to bitcoin. While cryptanalists expect a possible upward reversal in the coming weeks, investors insist that eth has not met expectations in this upward cycle.

In addition, discussions in social networks among the ethereum community have revealed concerns about the decentralization of the network, regulatory compliance problems and periodic sales of eth by the Vitalik Bterin co -founder.

Alcista signal?

Since the feeling of investors around the ethereum network has been predominantly negative, the increase in wallet creation is surprising. However, Santiment mentioned that the increase in addresses is not the only positive fact in the network.

ethereum is experiencing an increase in decentralized finances (DEFI) and participation options, and this has strengthened its position as a total not empty addresses for the cryptographic sector. A few days ago, the ethereum Foundation (EF), a non -profit organization that supports Blockchain, launched a multifirma wallet to participate in the Defi ecosystem. This measure aims to promote the transparency of FA, particularly in its treasury management.

Meanwhile, there has been a significant increase in ethereum's open interest, to the point that the metric reached a new historical maximum. The open interest tracks the contracts of future assets in the bags and reflects a high activity of the merchants, with the opening of more long positions. With the open interest of ethereum increasing to record levels, the asset could explode and witness a rebound that would take it beyond the range of $ 3,000 to $ 4,000.

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