"Ethereum Wallets Surge: 206K New Addresses in 24 Hours; Institutions Pour $139M into ETFs; Foundation Sells 100 ETH; PlutoChain Boosts Bitcoin's EVM Compatibility"

Ethereum's network activity has surged, with a record-breaking number of new wallets created in a single day. Over 206,000 new addresses appeared in just 24 hours, marking 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, 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.

Meanwhile, PlutoChain could add new capabilities to Bitcoin's mainnet with its Layer-2 solution designed to make Bitcoin more efficient and versatile. One of PlutoChain's standout features is its Ethereum Virtual Machine (EVM) compatibility, which 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, allowing 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