Opinion: The growth level of the Ethereum network has reached a new high in 4 months, and the price of ETH may rise to $3,900

On September 10th, the market intelligence platform Santiment recently disclosed the recent positive changes in the Ethereum network in the X platform. According to Sanbase Pro data, the growth level of the Ethereum network has significantly improved, indicating that the cryptocurrency will be active again and is expected to show bullish momentum.
It is understood that on September 8, about 126,210 new wallet addresses were created on the Ethereum network. Surprisingly, although Sunday is usually the day with the lowest active level of the week, the network still recorded the highest growth momentum in four months, setting a new milestone.
Cryptocurrency analyst trader Tardigrade believes that the price movement of Ethereum has entered a "double-dip" mode, and the "W structure" may indicate that its price may be about to reverse, which could push the price of Ethereum to $3,900.
Another crypto analyst, Ali Martinez, revealed that the Ethereum whales may have lost interest in cryptocurrencies, noting that they stopped accumulating ETH in early July and have since turned to selling or redistributing their holdings.