Ethereum is experiencing a surge of new wallets being created. According to analytics platform Santiment’s data, the average creation of new Ethereum wallets has stood at 327,100 on a daily basis for the current trading week, peaking at 393,600 on Sunday, which is the highest recorded ever.
As per the Santiment report, the Fusaka protocol update, which went live in early December 2025, made the Ethereum network more affordable and accessible. It maximized the handling of data, which reduced the costs associated with publishing Layer-2 data back to the Ethereum network. This led to a smoother experience in engaging with dApps, rollups, and hence new users to create wallets.
Additionally, the number of stable transfers on the Ethereum network improved, reaching an all-time high of 8 trillion in Q4 of 2025.
Concurrently, on-chain data and social trends show increasing interest in adoption. Despite Ethereum’s price remaining flat, new users began exploring DeFi, NFTs, or gaming dApp use cases, creating wallets simply so they could participate.
The change in seasons towards the end of the year contributed to increasing this onboarding process. The sentiment on-chain became more neutral to positive in mid-December, as retail participants joined the chain.
Price Action Signals Potential Upside
Analyst Michaël van de Poppe highlighted the bullish momentum, stating, "It's $ETH season. It held the 21-Day MA. Crucial level to hold onto, and it has held that level nicely." Ethereum recently tested a key resistance level just above $3,000. If it breaks this barrier, the price could move up toward the next target near $3,800.
On the other hand, support levels between $2,400 and $2,600 are very important. Holding these levels helps prevent bigger drops, as trading activity shows strong interest around these zones.
If Ethereum maintains its course, it will soon reach greater heights. But if it fails to overcome the current resistance level, it can cause market consolidation or correction. It’s noteworthy for one to be cautiously optimistic about Ethereum prices, which rely greatly on market engagement.