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coinpedia 2025-02-01 13:27:26

Ethereum Price Prediction: ETH Network Records Massive Growth Amid Price Concerns As Plutochain Explodes

The post Ethereum Price Prediction: ETH Network Records Massive Growth Amid Price Concerns As Plutochain Explodes appeared first on Coinpedia Fintech News Ethereum is making headlines with a surge in wallet creation and growing institutional interest, even as price concerns linger. Binance analysts see long-term potential as DeFi adoption and staking activity keep the network strong. Meanwhile, PlutoChain ($PLUTO) could push Bitcoin’s scalability forward with its new Bitcoin Layer 2 Technology to bring smart contracts and AI Powered Applications to the Bitcoin Network. Let’s break down Ethereum’s latest developments first. Ethereum Price Prediction – What’s Fueling ETH Growth Amid Concerns? Ethereum’s network activity is surging, with a record-breaking number of new wallets created in a single day. Over 206,000 new addresses appeared in just 24 hours, which marks the highest daily wallet creation since October 2022. Despite price fluctuations, this signals strong user demand and continued developer interest in Ethereum’s ecosystem. Institutional inflows into Ethereum spot ETFs are another major driver of market optimism. From January 21 to January 24, Ethereum ETFs saw $139 million in inflows, with BlackRock’s ETHA ETF pulling in the bulk of that at $135 million. This level of investment shows that institutional players still see Ethereum as a long-term asset, despite current market volatility. The Ethereum Foundation’s strategic moves are also shaping price action. The foundation recently sold 100 ETH at $3,078 per token, which adds to a total of 300 ETH sold in 2025. While some speculate about its impact on price, others see it as a strategic treasury management move to secure long-term stability. Technical analysis suggests Ethereum is consolidating, with key resistance levels at $3,200 and $3,500. If ETH pushes past these barriers, Binance analysts believe it could set up for another bullish run toward $4,000 and beyond. With a rapidly expanding network, strong institutional backing, and increasing staking participation, Ethereum’s fundamentals remain solid—even as traders watch for price volatility. Here’s How PlutoChain Could Add New Capabilities To Bitcoin’s Mainnet Bitcoin’s scalability has been a long-standing challenge, but PlutoChain could step in with a Layer-2 solution designed to make Bitcoin more efficient and versatile. One of PlutoChain’s standout features is its Ethereum Virtual Machine (EVM) compatibility. This means that Ethereum-based decentralized applications (dApps) and DeFi protocols can now function on Bitcoin’s network. Developers can build and deploy smart contracts seamlessly, which might allow Bitcoin to tap into DeFi services, lending platforms, and NFT marketplaces that were previously limited to Ethereum and other Layer-1 networks. PlutoChain might improve Bitcoin’s transaction speed while maintaining its security by offering 2-second block times and supporting 43,200 transactions per day. This could make it more practical for real-world applications beyond simple payments. Security remains a top priority, and PlutoChain has undergone rigorous audits from SolidProof, QuillAudits, and Assure DeFi. These third-party evaluations ensure that the network is resistant to vulnerabilities and meets high-security standards, which could provide confidence to developers and enterprises looking to build on its Layer-2 framework. PlutoChain’s developer-friendly infrastructure provides scalable tools for dApps, decentralized finance, and cross-chain solutions. The Bottom Line Ethereum’s network growth continues to impress, even as price concerns linger. With increasing wallet creation, ETF inflows, and institutional adoption, ETH remains a dominant force in blockchain technology. If momentum holds, Ethereum could see significant upside in the coming months. Meanwhile, PlutoChain might redefine Bitcoin’s capabilities with its fast Layer-2 infrastructure, EVM compatibility, and AI-powered applications. PlutoChain could play a key role in expanding Bitcoin’s utility beyond simple transactions by enabling DeFi and smart contracts on Bitcoin. The information in this article does not represent financial or investment advice. Always research carefully before participating in the crypto market. Risks are inherent in forward-looking statements, which may not be revised. ————- This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.

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