256K New Ethereum Wallets and $4B BlackRock ETH ETF Inflows

Ethereum don see one big jump of 256,000 new daily wallet addresses, level wey only show before the 2017 bull run and 2021 when e reach $4,878 all-time high. Dis spike for on-chain activities means plenty people dey engage with the network more. As we dey talk so, ETH dey trade for $3,643, up 5.3% in 24 hours, e fit mean say price fit go up well. BlackRock’s iShares Ethereum Trust (ETHA) get over $4 billion net inflows for July alone, na new monthly record for ETH ETFs. More institutions dey demand and BlackRock plan to make staking possible for their spot ETH ETF dey make ETFs more real and fit bring long-term money to Ethereum. Analysts dey talk say if momentum continue, Ethereum fit reach $13,000 by Q4 2025. Traders suppose dey watch on-chain metrics and ETF flows well as dem be key signals of market feeling and trading chances.
Bullish
Di combination wey historic surge for new Ethereum wallet addresses and record ETF inflows dey usually align with bullish market cycles. For 2017 and 2021, similar spikes for on-chain activity dey come before big price rallies. The $4 billion inflows enter BlackRock’s ETHA ETF show say institutional adoption dey grow and liquidity plenty. BlackRock’s planned staking feature fit still attract long-term capital join. For short term, the rising network engagement and ETF demand dey usually drive price momentum plus positive trader sentiment. For long term, continued ETF legitimization and on-chain growth dey support sustained bullish trends. So, dat news go likely strengthen confidence and buying pressure for the Ethereum market.