Ethereum's brief surge above $4,000 has sparked notable market activity. Studies show the leading altcoin might set a new record in the first quarter of 2025.
Increase in Ethereum Derivatives Market Activity
Bybit representatives indicated that Ethereum has gained noticeable momentum in its derivatives market. Following the 'deleveraging' process in mid-November, Ethereum’s derivative positions have revived, suggesting growing market confidence.
Significant Increase in Ethereum Network Activity
The Ethereum network has seen notable revitalization in recent months. In December, an average of 130,000 new addresses were created daily, the highest level in the past eight months. This trend has rekindled interest in Ethereum. Bybit's report highlights increased network activity and high demand as critical factors supporting Ethereum's market performance.
Prospects for Ethereum Market Growth
Ethereum’s market movements are likely to remain on the radar of both individual and institutional players in the new year. The aspects where it gains an advantage against Bitcoin emerge as key elements supporting Ethereum’s potential future success. As expectations for Ethereum’s future remain positive, the increase in derivatives market volume and network activity provides significant clues for long-term projections.
The increase in derivatives market and network activity suggests the potential strengthening of Ethereum's position in the future, especially in competition with Bitcoin.
