Saad Ullah
Ethereum (ETH) might be gearing up for something huge. While everyone's been watching the price hover around $3,000, something way more interesting has been happening behind the scenes. The network just saw over 256,000 new addresses created in a single day – and if history is any guide, that's usually when things get crazy for ETH prices.
New Address Surge Matches Previous Bull Run Patterns
Here's what's got crypto analysts buzzing: this exact same pattern happened right before Ethereum's biggest price explosions. Chart making rounds on social media, we're seeing the kind of address growth that preceded both the 2017 crypto mania and the 2021 bull run that took ETH to nearly $5,000.
Back in 2017, this type of network activity spike happened just before crypto went absolutely nuts. Same thing in 2021 – massive address creation followed by ETH hitting its all-time high around $4,800. Now we're seeing it again, and that's got people wondering if lightning's about to strike three times.
Could ETH Be Setting Up for Another Massive Rally?
Look, nobody can predict the future, but network activity doesn't lie. When hundreds of thousands of new wallets start showing up, it usually means fresh money is flooding in. And fresh money tends to push prices up – sometimes dramatically.
The thing is, ETH has been stuck in a bit of a rut lately, trading below $3,000 while everyone waits for the next big move. But if this address surge is telling us anything, it's that the foundation for a major breakout might already be getting built.
As one crypto observer put it: "History doesn't repeat exactly... but it often rhymes." If Ethereum follows its usual playbook, we could be looking at the early stages of another monster rally.
Saad Ullah
