Ethereum Supports Hold Near $1,880 as New Address Creation Surges 75%
Ethereum has maintained its footing near $1,880 as daily new address creation surged by approximately 75% in just over a week. This on-chain growth signals rising user adoption across decentralized finance and applications.
Market analyst Ted Pillows has repeatedly highlighted the $1,850 level as critical support for Ethereum's current market structure. Buyers have defended this zone through multiple tests, preventing deeper pullbacks and preserving the possibility of a near-term recovery.
A decisive break above $1,920 would likely clear the path toward the psychologically significant $2,000 mark. However, failure to reclaim $1,920 or loss of the $1,800-$1,850 support zone could expose downside targets at $1,700 with $1,600 as deeper chart support.