Ethereum is seeing renewed interest from first-time investors, with on-chain data showing a sharp uptick in fresh capital flowing into the market.
According to a recent update shared by Coin Bureau, new ETH holders have boosted their collective holdings by 16% since the beginning of July.
This influx of new buyers could be a bullish signal for the Ethereum price, which has already climbed above $3,700 at the time of writing. Analysts suggest the growing activity among first-time investors may reflect rising confidence in Ethereum’s long-term potential and broader optimism in the crypto market.
A chart from Glassnode highlights this shift in behavior, showing a clear increase in ETH supply held by first-time buyers, particularly over the last two weeks. While early 2025 saw a decline in such activity, recent momentum appears to be reversing that trend, with a strong upward move in both holdings and price.
Market Outlook
As Ethereum continues to attract new investors, market watchers are eyeing key resistance levels. If the current trend continues, ETH could soon challenge its 2024 highs and build toward new bullish targets for the remainder of the year.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/new-investors-drive-ethereum-accumulation-surge-since-early-july/