The popular altcoin Ethereum (ETH) surged past the $3,200 mark recently, indicating a substantial increase in network engagement. Data from the blockchain reveals that Ethereum witnessed its most significant single-day network growth in over 19 months.

On May 4, 2024, an impressive 196,000 new Ethereum wallet addresses were generated, marking the most extensive daily rise in wallet creation since October 8, 2022. This upsurge in newly established wallet addresses reflects strong and expanding interest in Ethereum, signaling a positive trend.

Despite ETH's price lingering below $3,200, the Ethereum network remains resilient. The substantial influx of fresh wallet addresses within a day suggests a wave of new participants or heightened engagement from existing users, setting a robust foundation for potential price escalations.