Ethereum has shown significant price growth in the past two weeks, attracting analysts' and investors' attention. The state of the network and market trends suggest further growth potential.
ETH Price Analysis
Since the beginning of the month, the price of Ethereum has risen by 50%, reaching $3,730. While this sounds promising, ETH is still 23% below its all-time high recorded in November 2021. Experts using Elliott Wave analysis models suggest that ETH could reach $9,000 by early 2026, provided current macroeconomic conditions remain favorable.
Blockchain Trends
Currently, 28% of the total Ethereum supply is staked, showcasing an impressive level of investor confidence. The liquidity on exchanges is also minimal, amounting to 16.2 million ETH — the lowest since 2016. There is an observable increase in interest from new market participants, as indicated by a 16% rise in the supply held by first-time buyers since early July.
Ethereum Activity
Ethereum is operating at near full capacity, even after gas limit increases. The current transaction structure reflects a shift toward a broader range of decentralized applications, such as infrastructure protocols and new types of modular apps. This particularly indicates increased trading activity and activity within stablecoins.
Ethereum's growth over the past two weeks has not only captured attention but also demonstrated strong foundations for further increases. The analysis of blockchain trends and its current activity points to a possible continuation of this positive dynamic.
