**Ethereum Buyer Behavior Shifts: Signs of a Trend Reversal?**
Recent on-chain data suggests a potential shift in Ethereum (ETH) buyer behavior, signaling renewed interest from new market participants.
### **Key Insights:**
- Since early July, **supply held by first-time ETH buyers has increased by ~16%**, indicating fresh inflows into the market.
- This trend suggests **growing retail interest**, often a precursor to stronger accumulation phases.
- Historically, spikes in first-time buyer activity have coincided with **early stages of bullish momentum**.
### **Why This Matters:**
Recent on-chain data suggests a potential shift in Ethereum (ETH) buyer behavior, signaling renewed interest from new market participants.
### **Key Insights:**
- Since early July, **supply held by first-time ETH buyers has increased by ~16%**, indicating fresh inflows into the market.
- This trend suggests **growing retail interest**, often a precursor to stronger accumulation phases.
- Historically, spikes in first-time buyer activity have coincided with **early stages of bullish momentum**.
### **Why This Matters:**