Ethereum network adds nearly 200,000 new wallets twice in December as ETH price stays range-bound

In December, Ethereum's network growth surged, with daily new wallet creation approaching 200,000 on multiple occasions while ETH's price stayed locked between $2,800 and $3,300. On-chain indicators suggest expanding user adoption and fading fear among long-term holders, yet the market continues to consolidate in a low-volatility range. This combination points to a potential higher-low structure forming, which could lay the groundwork for a future breakout if demand keeps rising.