Ethereum is experiencing a surge in adoption, with 163,000 new wallets being created daily, a significant increase from 124,000 in July. This rise in wallet creation is accompanied by heightened on-chain activity, with transactions reaching 197,380 and 195,460 on December 2 and 15, respectively. Despite this growth, Ethereum's price remains stable at $2,976.58, as the broader cryptocurrency market faces challenges due to uncertainty surrounding Federal Reserve policies.