Amid bearish pressure surrounding Ethereum and its market Due to the solid move, the price may retest the $1,500 support level sooner than expected. One positive aspect of this bearish phase is that the ETH network continues to show solid growth as its activity returns to historic levels.
Increased demand accelerates Ethereum network activity
meanwhile ethereum price Although gradually losing stability, the network continues to show steady upward momentum amid unfavorable market conditions. Despite ETH retesting key support levels such as the $1,600 mark, activity across the major networks does not appear to be slowing down.
report Leon Weidman, head of research and market expert at Lisk, revealed that Ethereum has witnessed a strong resurgence in network activity, rising to record levels. According to experts, activity across blockchain is at an all-time high, indicating increased engagement across the ecosystem.
This surge represents growing demand from users, developers, and institutions as Ethereum continues to serve as the foundational layer for decentralized banking, tokenization, and blockchain-based applications. This solid growth highlights the chain’s status as one of the most active and influential networks in the crypto space.
Although the price of ETH appears to be falling, data shows that daily active addresses are roughly holding their value. networkBest range ever. In 2018, active wallet addresses on the network reached 720,000, and during the 2021 bull market cycle, addresses reached 800,000.
Meanwhile, in the current market cycle from 2025 to 2026, addresses are consistently over 1 million, with a peak of over 1.3 million. This means the network is handling more real activity now than at the height of the previous bull market cycle.
Interest in Ethereum It is rising at a significant rate, as demonstrated by the massive withdrawal of coins from crypto exchanges. As of Wednesday, the number of ETH on cryptocurrency exchanges was reached At approximately 14.5 million ETH, it was the lowest level in history, which occurred not before the crash, but during the crash.
In October 2023, ETH exchange balances reached their lowest level at 21 million ETH compared to current levels. Over the past two and a half years, more than 6 million ETH have been withdrawn from crypto exchanges. During periods of increased volatility, exchanges typically experience stability inflowrather the opposite happened. “People who are buying here are not going to sell back,” Weidman said.
ETH price bottom revealed
A recent post by Ari Chart, an experienced cryptocurrency analyst, reveals the Ethereum price bottom and how it will occur. The expert’s analysis is based on the Ethereum Delta price index, which appears to have identified the altcoin’s two previous market bottoms.
Since the delta price reflects the following relationship, investorAnalyzing the cost base and minor production costs consistently highlights a deep accumulation zone, which is critical in preventing a price bottom. After examining the indicators, Ali Charts highlighted The potential price floor for ETH is around $700. If history repeats itself, the altcoin could experience another retest of the $700 level before the next sustained uptrend occurs.
Featured image from Pxfuel, chart from Tradingview.com
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