Spot Ethereum ETF inflows boost on-chain activity — $474.6M in 4 days; active addresses ~995k, transactions ~2.9M, staking near 36M ETH — $3,300 support now pivotal as RSI divergence raises correction risk (ETH/BTC holding demand zone; altcoin rotation possible)

first published 2026-01-16T04:53:41Z

Glassnode reports a large influx of first-time Ethereum wallets: new activity retention rose from just over 4 million to about 8 million in the past month. Active addresses climbed from ~410k a year ago to over 1M, daily transactions reached an all-time high of 2.8M, stablecoin usage is at record levels while fees have fallen, and staking is near 36M ETH. These on-chain improvements coincide with ETH trading around $3,300–$3,400 and bullish industry commentary.

AI Analysis

Concrete on-chain metrics from Glassnode show new activity retention doubled (~4M → ~8M), active addresses rose (~410k → >1M), daily transactions hit an ATH of 2.8M, stablecoin usage is at record levels, fees have fallen, and staking is near 36M ETH; ETH price is trading near $3,300–$3,400 and analysts provided bullish commentary—facts that support a moderately bullish view and a moderate short-term market impact.

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