Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The price of Ethereum is close to a crucial technical moment as it trades near the upper border of a falling wedge. Ethereum’s slow but steady rise has put the coin on the cusp of a crash.
This momentum was largely attributed to the Fusaka update, which went live on December 3 and aims to improve scalability while lowering layer 2 costs, a long-standing problem in Ethereum.
Sponsored
Sponsored
These changes come as market participants prepare for 2026, creating favorable conditions for network growth and price stability.
Ethereum holders show strength
Ethereum network activity has been expanding rapidly over the past three weeks. The data showed a sharp increase in new addresses, known as wallets, interacting with Ethereum for the first time. This indicator increased by approximately 110% during this period, highlighting the acceleration in user adoption.
Ethereum has now added About 292,000 new addresses every day. This growth reflects a combination of seasonal factors and structural upgrades.
Christmas 2025, the placement of the new year, and the optimism surrounding Fusaka’s promotion seem to have prompted renewed engagement throughout the ecosystem.
Want to know more about tokens? Subscribe to editor-in-chief Harsh Notaria’s daily cryptocurrency newsletter From here.
An increase in address generation is often preceded by an increase in transaction demand. While not every new title represents a long-term investor, continued growth of this magnitude indicates an expanding stake. Broader user flow generally improves liquidity depth and supports pricing flexibility during volatile market periods.
Sponsored
Sponsored
You have to keep it, but it is good for Ethereum anyway
The overall indicators present a mixed but useful picture. Hold waves have shown growth among medium-term holders, which are known asWallets containing Ethereum For a period of three to six months. Most of these investors entered the market between July and October 2025.
The buyers at the beginning of July are now profitable, while those who entered after the middle of July are still suffering losses. This distribution led to forced holding behavior, with many holders waiting for prices to recover. This positioning can provide temporary support by reducing selling pressure during pullbacks.
A price increase may prompt these groups to distribute Ethereum coins. As eth approaches breakeven levels for medium investors, the risk of selling increases. This dynamic could limit the increase in prices, unless new capital comes in to offset the profit from the closed offer.
The price of ETH is approaching a breakout
The price of Ethereum continues to trade in a wedge that has formed since the beginning of November. ETH is currently trading near $3,141, which puts it close to a potential breakout. This pattern indicates that momentum is contracting, often preceded by an expansion in the trend.
This wedge represents a theoretical upside of about 29.5%, targeting $4,061. While this goal seems ambitious, achieving it will require stronger buying pressure than is currently apparent. It includes a more realistic scenario eth hack It exceeded the level of $3,287, which opens the way in the short term towards $3,447.
Downside risks remain if macroeconomic conditions deteriorate or breakout fails. Ethereum may fall below $3,000 if a rejection occurs. In this case, it can be eth returns the test The support level is at $2,902, invalidating the bullish scenario and reinforcing the horizontal movement.
