Ethereum price breaks out as 447,000 new holders onboard in one day

Beincrypto reports Ethereum has broken a two-month pattern, confirming a bullish breakout above key resistance as network activity spiked with 447,000 new holders added in a single 24-hour period.

The 447,000 new addresses marked an unprecedented daily influx, surpassing a seven-year record of 351,000 and following several days in which daily new addresses had already exceeded 300,000. Rising address growth was noted as indicating broader adoption and stronger network utility, while short-term holder metrics show that recent buyers remain largely underwater.

Ethereum was trading near $3,317 at the time of writing and holding above $3,287—the upper boundary of the triangle it escaped—projecting a potential 29.4% upside toward about $4,240. The analysis said a sustained move above $3,441 would reinforce the breakout and could push toward $3,607, but warned that if short-term holders sell and ETH slips back below $3,287 it could retrace to $3,131 or $3,000. The piece noted the report is for informational purposes and not financial advice.

Key Topics

Crypto, Ethereum, Eth Price, New Addresses, Short-term Holders, Glassnode