Ethereum’s Surge: 1.83 Million New Users Signal Potential Bullish Rebound
Ethereum has experienced a significant influx of 1.83 million new users within a single week, accompanied by a 40% rise in new depositors. This surge in activity suggests a possible trend reversal, with whales increasingly engaging in transactions, slightly favoring purchases over sales. Analysts are optimistic, predicting a rebound towards $1,660 and the start of a new bullish cycle. Meanwhile, Polygon and Pyse are making strides in tokenizing EV fleets in Dubai, with plans to expand into India.
Ethereum Gains 1.83 Million New Users in a Week, Indicating Possible Rebound
Ethereum has seen a surge of 1.83 million new users in just one week, with a 40% increase in new depositors. This renewed interest could signal a trend reversal, and whales are intensifying their transactions with a slight dominance of purchases over sales. Analysts predict that Ethereum could rebound towards $1,660 and initiate a new bullish cycle.
Polygon and Pyse Bring Tokenized EV Fleets to Dubai, Eye India Expansion
Polygon Labs, the Ethereum Layer-2 scaling powerhouse, has forged a strategic alliance with Pyse to tokenize a fleet of electric delivery vehicles in Dubai. This collaboration leverages blockchain technology to cement asset ownership and harness real-time data streams, creating a dual revenue engine—stable income from the vehicles and dynamic profits from data monetization. The initiative not only underscores the growing convergence of green tech and decentralized finance but also positions Polygon for a future push into India’s booming electric vehicle market. "Tokenization bridges the physical and digital economies," says an industry insider, highlighting the transformative potential of such ventures. With institutional adoption of blockchain solutions accelerating, this move signals a broader shift toward asset-backed crypto innovations.
Ethereum (ETH) Breaks Out Toward $1,850
Ethereum (ETH) rallied 13.17% to $1,786, pushing its market capitalization to $215.6 billion amid a broader cryptocurrency surge spearheaded by Bitcoin. The breakout above the $1,688 resistance level signals potential upward momentum, with traders eyeing the $1,850 threshold. A retreat remains possible—should selling pressure intensify, ETH could retest support near $1,600. The asset’s rebound aligns with a decisive bounce from a descending trendline dating back to late March, reinforcing bullish sentiment among market participants.
Ethereum Surpasses Bitcoin with 15% Gain, $2K Price Target in Sight
Ethereum’s price soared nearly 15% in 24 hours, pushing it past $1,800 and outperforming Bitcoin’s 6% gain. The crypto sector’s total market cap rebounded to $3 trillion. Ethereum futures open interest spiked over 17% to $21.92 billion, with funding rates turning positive, indicating strong bullish sentiment. Analyst Ash Crypto predicted that ETH is poised for a significant rally, comparing its chart to late-2020 Bitcoin.
