Ethereum Consolidates Near $3,350 Level as New Wallet Activity Surges

TL;DR:

Ethereum is attracting a fresh wave of users even as its price struggles to escape a tight trading range. Glassnode data on Month-over-Month Activity Retention showed a sharp spike in the “New” cohort, signaling a jump in first-time interacting addresses over the past 30 days.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence ETH price action and market sentiment in the near term.