NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Ethereum Network Hits Massive Milestone as Analyst Eyes 200% Rally

Nick Chong
Nick Chong
5 years ago
2 mins read
ethereum price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing.

Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data now shows that the number of Ethereum accounts has surpassed a key milestone: 100 million.

Related Reading: The Ongoing Miner “Feeding Frenzy” Is Bullish for Bitcoin in the Long Run

Ethereum Bags Key Milestone as Usage Increases

According to Mythos Capital’s Ryan Sean Adams, the number of Ethereum addresses/accounts hit 100 million last week, just five years after the network was launched. Notably, the existence of 100 million addresses does not mean that 100 million people have used that cryptocurrency.

This milestone shows that adoption is taking place, even though it may be slower than some expected.

“World powers will be forced to adapt. This is the next wave of the internet. 100m bankless bank accounts,” Adams wrote with excitement on the matter.

100 Million Bank Accounts.

On Ethereum.

Ethereum doing to value what the internet did for communication.

Not likes & links but value & volume.

Not .gifs & .jpgs but erc20s & erc721s.

Not the internet of communication the internet of value.

🚀

Read:https://t.co/2o8amE4OHc

— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) June 8, 2020

Adams’ observation comes shortly after Spencer Noon, the head of crypto-native investment fund DTC Capital, identified 10 on-chain trends suggesting Ethereum is on bull market footing. Some of those are as follows:

  • The number of daily active ETH addresses recently reached a two-year high — the highest value since the 2018 bull market.
  • Ethereum miners are now collecting a vast amount of fees.
  • Ethereum-based finance applications are starting to absorb vast amounts of value.

Ethereum’s achievement of the 100 million account milestone comes on the back of a number of undercurrents pushing the usage of the network higher, such as growth in decentralized finance and in stablecoins.

Technical Trends Also Bullish

The technical trends of Ethereum are also bullish.

As reported by NewsBTC, Brave New Coin’s Josh Olszewicz shared the chart seen below just this weekend. It shows that Ethereum has entered into a key Ichimoku Cloud resistance for the first time ever.

Referencing how the asset is likely to rally to the other end of the resistance in a so-called “end-to-end move,” Olszewicz opined:

“One-week Ethereum chart. End to end to $750 triggers within the next few months probably.”

Chart of Ethereum’s macro price action from Brave New Coin analyst Josh Olszewicz.
Chart of Ethereum’s macro price action from Brave New Coin analyst Josh Olszewicz.

According to Olszewicz, who is a specialist at Ichimoku Cloud analysis, the way in which the cloud is formed is likely to act as a “price magnet” pulling it to $750. Such a move would mean that Ethereum has retraced 50% of the “established range” while also satisfying “Dow Theory.”

Similarly bullish, Dan Tapiero — the CEO of DTAP Capital — shared on June 3rd that Ethereum is “on [the verge] of explosive upmove.” He noted how the cryptocurrency is about to break out of a downtrend that constrained price action over the past year, from the 2019 highs to the 2020 highs.

Related Reading: Crypto Tidbits: $200M of Bitcoin Liquidated, Ethereum DeFi Adoption Limited, Bloomberg Is Bullish
Featured Image from Shutterstock
Price tags: ethusd, ethbtc
Ethereum Network Hits Massive Milestone as Analyst Eyes 200% Rally
Tweet123Share221ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum eth ethusd crypto

Altcoins Hit Hard as Week Starts With $1.7 Billion in Crypto Liquidations

The crypto market kicked off the week with one of its sharpest downturns of 2025, erasing more than $151 billion...

James Halver 16 hours ago
altcoins market news

Τα καλύτερα altcoins για αγορά καθώς το BNB σχεδόν έφτασε τα $1.100 στο ράλι του σαββατοκύριακου

Η πρόσφατη μείωση επιτοκίων κατά 25 μονάδες βάσης από τη Fed επανέφερε τη δυναμική στις αγορές υψηλού ρίσκου και έδωσε...

Ιωάννης Ριζόπουλος 17 hours ago
bitcoin

Δισεκατομμυριούχος επενδύει στο Bitcoin – «Οι τράπεζες λένε ψέματα, τα χρήματα δεν υπάρχουν»

Σάλο προκαλούν οι δηλώσεις του Μεξικανού δισεκατομμυριούχου Ricardo Salinas Pliego, ιδρυτή της Banco Azteca και τρίτου πλουσιότερου ανθρώπου στη χώρα...

Ιωάννης Ριζόπουλος 20 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum, ETH, Crypto

Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate

Rubmar Garcia 19 minutes ago
Ethereum Price Drops Hard

Ethereum Price Drops Hard – $4,000 Now Crucial Line Between Bulls and Bears

Aayush Jindal 3 hours ago
ethereum eth ethusd

Ethereum Slides 6% as Bulls Lose Grip on $4,500 Resistance; $4,000 Incoming?

James Halver 12 hours ago

Premium Sponsors

Press Releases

  • 5 mincí, které by v kryptobublině v roce 2025 mohly dosáhnout 10 miliard dolarů

    5 mincí, které by v kryptobublině v roce 2025 mohly...

    11 hours ago
  • 5 érme, amelyek 2025-ben elérhetik a 10 milliárd dollárt a kriptobuborékban

    5 érme, amelyek 2025-ben elérhetik a 10 milliárd...

    12 hours ago
  • 5 monet, które mogą osiągnąć 10 miliardów dolarów w bańce kryptowalutowej w 2025 roku

    5 monet, które mogą osiągnąć 10 miliardów dolarów w...

    12 hours ago
  • 5 монети, които биха могли да...

    13 hours ago
  • Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti tržišnu vrijednost od 10 milijardi dolara

    Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.