ether($ETH) Despite altcoins losing 28% in value this year, the long-term investment case is receiving renewed attention as Ethereum continues to lead in key areas of on-chain activity and decentralized finance. The network still houses approximately $43 billion in DeFi liquidity, over $165 billion in stablecoins, and approximately 55% of tokenized assets tracked across public blockchains.
Data from token terminal also show The market capitalization of tokenized exchange-traded funds (ETFs) is over $400 million, with Ethereum accounting for 76.9% of the market share.
Referring to the above data, cryptocurrency analyst Mr. Tanaka said:
“These are items that I believe will continue to lead the market in the medium to long term. And looking at the current data, Ethereum remains the most important payment layer for these stories.”
On-chain sharing between different chains. Source: X
Ethereum staking activities continuation Expected to rise in 2026 despite a 28% price decline. Network data points to danger $ETH There were approximately 39.1 million coins, or approximately 32% of the total. $ETH Powered across over 896,000 active validators.
The demand for validator entries also continues to rise, reaching over 3.49 million. $ETH The waiting time is over 60 days due to waiting in the staking entry queue, but the exit supply remains minimal at 7,424.
Ethereum validator queue. Source: Validator Queue
Long validator queues are important because large numbers of $ETH Despite the price drop this year, the shift to staking continues.
CryptoQuant data added It also highlights the tendency of ether to accumulate. $ETH Inflow to accumulated addresses reached 248,400 $ETH These wallets have limited sales activity and are often associated with long-term holders.
$ETH Flows into the storage address. Source: CryptoQuant
Related: Harvard University is dumping the whole thing $ETH Standings after just one quarter
$ETH Analysts are monitoring a historic buy zone
trader’s crypto bullet said Ether’s weekly chart still shows a multi-year cumulative range between $1,000 and $5,000. Analysts see the past few years as a period in which buyers slowly built positions before developing into a larger trend.
Cryptobaret said $ETH There is still a chance of revisiting the $1,000-$1,300 area, which we are calling a possible final surrender zone before the next cycle expansion. The analyst also projected a long-term upside target of $7,700 to $14,000 from 2027 to 2029.
$ETH/USD, 1 week chart. Source: X
On-chain analyst Ray pointed out Ether’s position on Alpharactal’s 2-year simple moving average multiplier model. Model comparison $ETH Compare the price to the average of the past two years to identify the next period. $ETH It trades above or below the average.
Ethereum recently fell below the two-year SMA x1 band (reference average price) on the chart. $ETH In the last two years. Traders often consider the x1 level to be a fair value zone under normal market conditions.
Higher bands such as x1.42 and x2.65 have historically emerged during overheating phases of bull markets. $ETH It traded well above its long-term average.
Price is currently approaching the lower end of the 2Y SMA/2 band, shown in purple on the chart. Ray said,
“As history has shown, at any time$ETH When approaching or touching this zone (like in late 2022), the market typically establishes a reliable cyclical “accumulation zone”.
Ethereum: 2Y SMA Multiplier Indicator. Source: X
Related: Ethertaker trading volume turns negative for the first time in two months: Will $ETH Will the next one be under $2,000?
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