- Ethereum saw a near 10% jump in active wallets over just 48 hours, setting the stage for a potential price move.
- ETH leads the pack with nearly 2,500 code commits, highlighting its ongoing network evolution.
The momentum’s tilting back in Ethereum’s [ETH] favor – and it’s not subtle.
In just 48 hours, active wallets on the network jumped nearly 10% — from 306,211 to 336,366 — even as the price dipped to $1,585.70 on the 20th of April.
Typically, when wallet activity goes up while price is down, it often hints at stronger hands stepping in. Hence, possibly, a price move brewing beneath the surface.
That hunch already played out. ETH bounced back hard, climbing to $1,756 by 22nd of April — a solid 24% rebound from the local low. And this wasn’t just a fluke. The fundamentals are flashing green too.
Let’s talk devs
Ethereum is still the king when it comes to developer energy. Just check out the dev activity scatter plot – Ethereum’s way out front, dominating both in raw developer count and code commits.
With close to 2,500 fresh code commits, it’s miles ahead of Solana [SOL], Near Protocol [NEAR], Cosmos [ATOM], and Sui [SUI], who are clocking in under 1,500 commits each.
Source: X
Why does this matter? Because devs are the lifeblood of any blockchain. More commits mean more features, more bug fixes, better security, and overall network evolution.
For long-term holders and ecosystem players, that’s the kind of quiet strength that builds real conviction.
While others chase “hype” cycles, Ethereum might be busy laying down the bricks for the next wave of DeFi, NFTs, and Layer 2 magic.
From code to chart, Ethereum is lighting up
Ethereum just printed a Golden Cross on the charts — that classic bullish move where the short-term moving average crosses above the long-term one. It’s basically Wall Street’s way of saying, “Something big might be coming.”
ETH also pushed into the lower band of the Ichimoku Cloud, a spot that often teases trend reversals. If it clears the cloud, it could be game on for the bulls.
As can be seen on the chart below, the Tenkan-Sen (blue line) has crossed above the Kijun-Sen (red line) — it’s considered a signal (Golden Cross) for a bullish trend reversal.
Source: TradingView (ETH/USDT)
Now trading at $1,776, it might not be at its yearly high just yet — but the signs are stacking up for a comeback.
More users. More devs. Bullish charts. Is Ethereum entering its next breakout phase? All arrows point to yes.