ETH Holder Growth Beats BTC by 320% as Bulls Eye Breakout Levels

Santiment’s on-chain data shows ETH adoption is accelerating versus BTC. ETH has 189.49M non-empty holder addresses (as of April 27), about 320% more than BTC’s 59.08M balanced-wallet addresses. The report adds that ETH’s holder lead extends beyond majors like XRP, ADA, DOGE, and LINK, and even across key stablecoin ecosystems such as USDT and USDC. For traders, this ETH holder growth is a relative-strength tailwind, but price action remains mixed. ETH is trading around $2,200–$2,270 and has struggled to hold $2,400 for a second time, suggesting weaker spot demand. Two technical outlooks frame the next move. One analyst links a potential rally to a breakout of a multi-year “Golden Triangle,” projecting targets above $8,500 and higher (with later mentions up to ~$12,000 and ~$48,000). A more cautious view says ETH may keep underperforming unless it reclaims $2,400; upside triggers then point to $2,500–$2,600, and $3,200–$3,900 if that resistance zone breaks. Bottom line: ETH holder metrics are improving versus BTC, but follow-through likely depends on whether ETH can reclaim $2,400 and whether spot inflows strengthen behind the adoption trend.