Increase of Ethereum: Chain activity signals a possible imminent breakout

Massive on-chain activity alters the market outlook for Ethereum, heralding significant price movements to come. The trading volumes of altcoins have dramatically fallen, dropping from 1.57 quadrillion at the end of 2024 to 387 trillion in May 2025. Ethereum's activity has remained stable, allowing its market share to increase on Binance. This rise is not due to new demand, but rather the abandonment by investors of more modest projects in favor of the stability of ETH.

Despite recent price drops, Ethereum whales are showing confidence by buying the dip. On June 22, one of the top wallets acquired 9,400 ETH worth 39 million dollars, raising its total to 333 million dollars. Network commitment is also skyrocketing, with over 35 million ETH staked and 500,000 additions just in June. This reinforces the idea that investors are preparing for a significant move.

The use of DeFi and NFT continues to drive Ethereum's momentum, reaching a record of 24.69 million monthly transactions. Additionally, the supply of ETH has been adjusted due to the burning of over 4.57 million ETH tokens through EIP-1559. With 849 million dollars injected into ETH ETFs – mainly by BlackRock – analysts believe that Ethereum could soon reach 2,800 dollars. The long-term target could reach 8,000 dollars if conditions remain favorable.

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