Ethereum User Increase: A Sign of Price Recovery in May 2025?

Jakarta, Pintu News – Ethereum new user growth reached nearly 40%, signaling increased user interest. Although the price of Ethereum (ETH) has struggled in recent times, the fundamental indicators of the cryptocurrency point to a recovery.

Based on data from IntoTheBlock, Ethereum’s (ETH) new adoption rate has risen sharply, approaching 40% in the last week. This increase indicates that more and more individuals are engaging with Ethereum (ETH) through crypto exchanges, staking, or DeFi protocols.

User Growth and Impact

In the past week, the number of unique Ethereum (ETH) depositors has reached 1.83 million. This indicates a significant increase in interaction with the platform. This kind of growth in the number of users usually reflects renewed market interest in Ethereum (ETH) and its ecosystem.

This suggests that more individuals are not only interested in short-term speculation, but also have long-term intentions in investing in Ethereum (ETH). When demand outpaces speculation, it signals market maturity and potentially more stability. The main question is whether this increased demand has any impact on the Ethereum (ETH) price chart and overall market performance.

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Activities of Major Holders

Analysis from AMBCrypto shows that the most active users are large entities and large holders. As interest in Ethereum (ETH) recovered, transactions by large holders also increased, from 2,330 to 4,340 transactions. This increase in large transactions shows that the “whales” are very active in both selling and buying Ethereum (ETH).

Based on data on net flows to exchanges by large holders, there was an inflow of 392,950 Ethereum (ETH) and an outflow of 390,000 Ethereum (ETH), leaving a positive netflow of 2,000 Ethereum (ETH). This shows that buying activity is still outperforming selling, supporting the potential recovery of Ethereum (ETH) price in the market.

Price Outlook and Market Stability

With an increasing number of new users and a strong buy-side, Ethereum (ETH)’s on-chain conditions are currently at a favorable point. If Ethereum (ETH) adoption continues to increase, the impact will likely be seen in price movements soon.

A sustained uptrend could push Ethereum (ETH) prices back to $1,660, while increased volatility might trigger a correction towards $1,540. The next move depends on market stability and whether demand can overcome selling pressure.

Conclusion

With significant user growth and growing interest, Ethereum (ETH) is showing strong signs of recovery. These strengthened fundamentals not only support a potential price rebound, but also signal greater market maturity and stability. Investors and users seem to have growing confidence in Ethereum’s (ETH) long-term prospects.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Ethereum: 1.83M new users in a week, will it fuel a price recovery?. Accessed on April 23, 2025
• Featured Image: Generated by AI