The number of new addresses created on the Ethereum network has reached an 8-month high at 130,000. This surge in new addresses has sparked optimism among investors, with many wondering if this bullish trend could push the price of Ethereum to $5,000.
Ethereum, the second-largest cryptocurrency by market capitalization, has been experiencing a significant increase in activity recently. The creation of new addresses is seen as a positive sign for the network, indicating growing interest and adoption.
Many investors believe that this influx of new addresses could be a precursor to a price surge for Ethereum. Some are even speculating that the price of Ethereum could reach $5,000 in the near future if this bullish momentum continues.
While it is impossible to predict the future price of Ethereum with certainty, the current trends in new address creation are certainly encouraging for investors. As the Ethereum network continues to attract more users and developers, the potential for price growth remains high.
Overall, the recent surge in new addresses on the Ethereum network has generated excitement among investors. If this bullish trend continues, it is possible that the price of Ethereum could reach $5,000 in the coming months.