Ethereum Tops $3,285 for First Time Since January

Ethereum has reclaimed the spotlight, surging past $3,285 for the first time since January amid a powerful rebound in both price and network engagement.

Since June 22nd, ETH has jumped more than 50%, driven by growing investor confidence and a sharp rise in on-chain activity.

Record wallet growth signals expanding user base

According to data from Santiment, the Ethereum network now hosts over 152 million non-empty wallets—more than any other cryptocurrency. This milestone highlights Ethereum’s growing adoption and long-term holder confidence, as the number of addresses continues climbing in tandem with price.

Social media interest at 13.4% dominance

Investor excitement isn’t limited to wallets. Ethereum now accounts for 13.4% of all crypto-related discussions across social media, reflecting its rising dominance in the public narrative. This level of engagement hasn’t been seen since the major price rally in May 2024, marking a strong resurgence in community interest.

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How Can You Tell When it’s Altcoin Season?

Market momentum building ahead of key events

The current price surge and wave of online attention may signal the start of a broader altcoin season, particularly if Ethereum maintains momentum above $3,200. Analysts are watching closely for continued ETF inflows and potential staking developments as key drivers for further upside.

Ethereum’s resurgence comes as attention shifts beyond Bitcoin, reaffirming its position as the dominant Layer 1 smart contract platform.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.