The price of Ether (ETH), the cryptocurrency of the Ethereum network, has managed to stay above the $2,000 barrier since March 9 of last year.
Over the past few days, the cryptocurrency has been trading in a range of $2,030 to $2,080. This represents an increase of 2.5% over the past 7 days. This move is supported by a notable recovery in network usage and smart contract trading volumes, bringing the price back into historical support territory.
Since the beginning of 2026, the growth in daily active addresses has accelerated. Reached the level of 1 million people during February, and so far in March.
According to analysis and research firm XWIN Research, “the increase in active addresses reflects the growing use of decentralized finance (DeFi), stablecoins, and automated interactions with smart contracts.”
“Despite a period of poor price performance, the Ethereum network continues to attract users and transactions,” the group added.
This phenomenon is in contrast to previous cycles of high network activity. In the past, it crashed along with asset prices.. This fact signals a change in market structure and is a sign of very strong interest and ecosystem maturation.
“This divergence suggests that despite short-term market volatility, fundamental adoption of the network is strengthening, potentially supporting Ether’s long-term fundamentals,” they note from XWIN Research.
recovery is not final
Despite the optimism due to user growth, Technical analysis suggests that Ether price recovery is inconclusive.
Market analyst Ted Pillows says that Ether “needs to close the day above the $2,150 level to move towards $2,400,” as seen in a chart showing key support and resistance levels.
He cautioned that the $2,150 level is crucial for experts to test the trend. If the movement is not fixed“It is quite possible that ETH will fall towards new lows.”
Interpret this data with caution, as activity levels may not immediately translate into purchasing pressure. Active addresses often rise vertically while the price falls, indicating a capitulation.
Under this assumption, many users may be moving assets at the same time. withdrawing from the market or closing a position Facing the fear of bearish cycles.
Prices are facing resistance
In that sense, we need to consider the current situation. And while virtual currencies demonstrate technical strength, Prices are facing resistance as selling pressure is greater than new capital inflows. All this is happening amidst a panorama of geopolitical uncertainty, impacting market performance.
So now we’ve jumped to 1 million active addresses. suggests mass adoptionperhaps driven by Layer 2 (L2) solutions or new protocols that reduce transaction costs. This infrastructure allows the ecosystem to remain relevant against competing networks.
However, this infrastructure faces conceptual debate. As reported by CriptoNoticias, Ethereum co-founder Vitalik Buterin pointed out that the role played by Layer 2 urgently needs to be redefined. According to the developer, taking into account the decrease in fees on the main network, Many L2s use low cost as their main competitive flag and have lost their meaning..
Therefore, it is understood that the sustainability of Ether’s rise depends on whether organic activity in DeFi and stablecoins remains strong. somehow absorb circulating supply. At the moment, the network has demonstrated operational resilience, which is verified by price fluctuations in the global market.
