USDC on Ethereum reaches record highs, with $40B supply, $800B volume, and 7.2M monthly transfers driving stablecoin liquidity.
Spot Ethereum ETF inflows soar, signaling institutional confidence and strategic positioning ahead of potential bullish ETH phases.
Ethereum hovers near $2,800, supported by accumulation zones and bullish technicals, eyeing resistance at $3,580–$4,010.
USDC usage on Ethereum has reached all-time highs across supply, volume, and transaction count. Data from early 2025 highlights a sharp spike in activity, solidifying Ethereum's dominance in stablecoin liquidity.
Ethereum Stablecoin Activity Breaks Records
According to a post by Cointelegraph, Ethereum has seen a massive rise in USDC usage, with metrics reaching peak levels in early 2025. The chart tracks three key categories: outstanding supply, monthly transfer volume, and transfer count. Outstanding USDC supply surged from near-zero in 2019 to approximately $40 billion by January 2025.
https://twitter.com/Cointelegraph/status/1926473361644810380
The monthly transfer volume of USDC skyrocketed to nearly $800 billion in the same period, up from less than $50 billion in 2019. Transfer count followed similar growth, peaking at 7.2 million monthly transactions, up from around 1 million in 2020. These trends signal that Ethereum’s stablecoin velocity and user engagement have intensified.
This acceleration began mid-2023 and gained further momentum through early 2025. The white volume line on the chart shows sharp spikes from mid-2024, with the pink transfer count line closely mirroring its movements. USDC's usage and presence on Ethereum are stronger than ever.
ETF Demand Signals Strategic Accumulation
A wave of fresh inflows into the Spot Ethereum ETF reflects growing investor confidence. The structure of the ETF provides direct exposure to ETH spot prices, with multiple categories contributing to the net asset value. Custody plans are anchored in secure on-chain reserves and institutional-grade cold storage.
On 22 May 2025, the ETF recorded the highest daily inflow at 110.5, significantly outpacing previous days. The breakdown showed separate entries of 42.2, 5.7, 43.7, and 18.9, marking strategic exposure diversification. Despite a brief negative input of (24.3) on 21 May, total demand has remained robust throughout the week.
Such shifts are prompting firms to recalibrate strategies as capital funnels into ETH-based instruments. Inflows signal institutional repositioning ahead of what many consider Ethereum’s next bullish phase.
Investor Behavior Centers Around $2,800 ETH Zone
Ethereum’s price recovery has reignited trading around a key cost-basis level. A heatmap shows dense accumulation near the $2,800 zone, where over 2.5 million ETH have been concentrated. Glassnode confirms this zone holds heavy supply pressure, with potential sell-offs as ETH nears breakeven levels.
Between November 2024 and March 2025, Ethereum plunged from $4,000 to nearly $1,600 before reversing sharply. By May 2025, price reclaimed the $2,800 mark, hovering just below historical resistance aligned with the 200-day MA.
Simultaneously, other market indicators suggest a different trend. High concentration bands above $3,200 remain fragmented, while strong support persists near $1,800—showing where previous buyer interest remains intact.
Technicals Show Momentum as Bulls Eye Higher Levels
Chart analysis by Jonathan Carter shows Ethereum forming a bullish flag above a broken broadening wedge. ETH price pushed above the wedge’s resistance at $2,280 in May, then climbed to $2,670 and consolidated. The daily MA 200, currently at $2,474, acts as a crucial pivot for further movement.
Volume profile shows dense activity between $2,280 and $2,670, confirming bullish accumulation. The RSI remains below 70, suggesting upside potential is still intact. Resistance lies between $3,580 and $4,010, with a breakout clearing the path toward those zones.
Crypto analysts on X expect short-term volatility before a potential leg up. “Probably we get some more downside to shake out the late longs, then we pump straight back up,” one noted. Others forecast ETH at $5,000, driven by ETF flows, technical confirmation, and stablecoin network growth.
The post ETH ETF Inflows Surge While Stablecoins Set Records: Key Levels for Ethereum in 2025 appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
