In January 2025, Ethereum achieved notable adoption milestones, with the number of new addresses surging to approximately 200,000, the highest level since October 2022. This growth in addresses indicates increasing interest in Ethereum despite a broader price correction and is often associated with price discovery phases. The total number of addresses holding Ethereum has also steadily increased, reaching 136 million, indicating the network's ability to attract users beyond speculation. Despite a recent decline in price, Ethereum's solid base of committed holders and growing institutional interest suggest future potential for recovery and continued expansion. However, the current long-short ratio suggests potential volatility ahead, and if buyers fail to regain dominance, downward pressure could intensify.



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