Ethereum Retail Investor Count Jumps 3.3 Million: Path to Altcoin Bull Run?

The Ethereum market has witnessed a remarkable surge in individual investors over the past two months, adding 3.3 million new addresses—a 2.77% increase, bringing the total to an impressive 125.18 million.

The number of individual investors in the Ethereum market has surged by 3.3 million over the past two months, marking a 2.77% increase and bringing the total to an impressive 125.18 million. This uptick in retail investors could potentially be the foundation for a retail-driven bull rally.

Such an increase in demand could well signal the potential for rising prices, especially for Ethereum, a prominent asset in the altcoin market. With new investors coming on board, the limited supply could lead to substantial price appreciation.

Keeping an eye on on-chain data at this stage can provide valuable insights into emerging trends. In another development, the Ethereum Foundation recently sold 100 ETH for $334,315.7 DAI, marking its first sale since releasing its 2024 financial report on November 8. The Foundation, with crypto reserves of $788.7 million (99.45% in ETH), has been consistently selling ETH throughout 2024 to support key projects, totaling 4,266 ETH sold at an average price of $2,773.

Meanwhile, US Ethereum ETFs experienced a record-breaking day, with $295.1 million in net inflows. Fidelity's Ethereum ETF (FETH) led the charge, contributing $115.5 million—its largest inflow to date.