Ethereum’s Demand Surges to 13-Month High: A Closer Look

Surge in New ETH Addresses Trade Signals Bullish Demand

The daily count of new addresses trading ETH has risen to its highest since November 2022, indicating a surge in demand for the leading altcoin. According to data from Santiment, on the 11th of January, a staggering 636,480 new addresses were created on the Ethereum network for trading purposes. This level of activity has not been seen in over a year, highlighting the growing interest in ETH among investors.