Ethereum has reached a new milestone by experiencing a surge in wallet creation, with 126,210 new wallets created in a single day, the highest in the last four months. This growth was unexpected considering it occurred on a typically quiet day for crypto activity. The price of Ethereum has been attempting to break above the SMA 30 level for some time, but sellers have consistently pushed it down. Despite this, the market has been slowly recovering since reaching a monthly low of $2,225.45 on September 6. Ethereum currently has 371.60K daily active users, which has seen a 9.2% increase. However, Solana dominates among L1 blockchains in terms of daily active users, with 2.32M, while BNB Chain has 803.86K users. In conclusion, Ethereum's price has shown positive momentum, but Solana remains the top L1 chain in terms of user activity.



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