According to Odaily, the market intelligence platform Santiment recently disclosed positive changes in the Ethereum network. Data from Sanbase Pro indicates a significant increase in the network's growth level, suggesting a resurgence in cryptocurrency activity and a potential bullish trend. On September 8, approximately 126,210 new wallet addresses were created on the Ethereum network. Notably, despite Sunday typically being the least active day of the week, the network recorded its highest growth momentum in four months, marking a new milestone.
Cryptocurrency analyst and trader Tardigrade believes that Ethereum's price movement has entered a 'double bottom' pattern, with the 'W structure' potentially indicating an imminent price reversal. This upward trend could push Ethereum's price to $3,900. Another crypto analyst, Ali Martinez, revealed that Ethereum whales might have lost interest in the cryptocurrency, noting that they stopped accumulating ETH in early July and have since shifted to selling or redistributing their holdings.
