According to data from on-chain analytics firm Santiment, Ethereum now has more than three times as many holders as Bitcoin, highlighting its widespread adoption even as traders keep an eye on ETH’s price.
Ethereum currently has around 182.7 million non-empty wallets, compared with roughly 58.5 million Bitcoin wallets. Ethereum first surpassed Bitcoin in total holders back in 2019, and the gap has kept growing, showing how widely it’s used in DeFi, NFTs, stablecoins, and other on-chain applications. Bitcoin, on the other hand, is mostly used as a store of value, which explains its smaller number of active addresses.
Despite strong adoption, Ethereum’s price has been a bit weak recently, trading around $2,023, down about 1.1% over the past 24 hours as the crypto market consolidates.
Some traders see this as a potential “discount zone” near $2,000, similar to levels that triggered Ethereum’s previous rallies. Analysts suggest that holding above $2,000 could set the stage for the next bullish wave, while a drop below might extend the ongoing correction.
In short, Ethereum’s growing wallet base shows broad network usage, and traders are now watching if the $2,000 mark can act as a launchpad for its next move.
