Ethereum has just set a historical high for Smart Contract deployments after the Pectra upgrade, driving accumulation from whales and balancing leverage in the market.
Vibrant network activity, combined with capital inflows to exchanges, signals short-term profits but may reinforce Ethereum's upward momentum if demand continues to be strong.
MAIN CONTENT
Smart Contract deployments on Ethereum hit a historical peak after the Pectra upgrade, leading to strong development participation and expanding practical applications.
Whales are accumulating ETH strongly, as evidenced by a spike in Netflow in the short and medium term.
Capital inflow to exchanges is increasing, suggesting short-term profit-taking pressure, yet the fundamental background and high demand still support a sustainable growth outlook.
Ethereum's Smart Contract deployment sets a record after the Pectra upgrade: What is happening?
After the Pectra upgrade in 2025, the 180-day moving average of new Smart Contracts on Ethereum reached an all-time high, surpassing both peaks of 2021 and 2022. This data shows the continuous involvement of the development team with the Ethereum ecosystem.
After the Pectra upgrade, Ethereum can achieve up to 100,000 transactions per second, with gas fees decreasing by up to 90%, significantly expanding application potential for DeFi and NFTs.
CryptoQuant report, 2025
This upgrade also promotes the practical application of Ethereum in fields such as finance, supply chain management, and real estate tokenization. The strong increase in Smart Contract deployments is a clear sign of sustainable development and expansion prospects for this platform.
Historical development shows that before each major price increase, the number of new Smart Contracts often spikes. Therefore, investors are wondering whether this momentum will continue to sustain ETH's growth in the near future.
Whales are strongly accumulating ETH: What are the short and medium-term trends?
Recent on-chain data shows that Ethereum whales are accelerating accumulation. The net flow of large holders increased by 36.57% in the past week and surged by 457.68% in just 30 days.
The volatility of net flow from large holders is an important indicator of the cash flow trend of major investors and the potential movement of ETH prices in the short term.
IntoTheBlock report, 2025
When the ETH inflow to custodial wallets spikes, there can be two scenarios: either preparing for distribution to take profits, or whales accumulating more to anticipate market fluctuations. Monitoring net flow closely along with ETH price increases is essential for assessing the strength of smart money flows.
The increase in accumulation from the whale group not only reinforces the short-term bullish outlook but also demonstrates long-term confidence in Ethereum's potential, especially amidst fierce competition from Layer 1s in the DeFi market.
What does balanced leverage mean for the Ethereum derivatives market?
At the time of the survey, the Long/Short ratio in the derivatives market was almost balanced: Long accounted for 50.44%, Short accounted for 49.56%. This reflects cautious sentiment and the market not leaning strongly in either direction.
When the two-way leverage is balanced, the market can stabilize before large fluctuations, but it also carries the risk of chain liquidations if a strong breakout occurs.
CoinGlass, August 2025
In reality, investors are limited in making extreme bets in either direction, showing that the majority are still waiting for clear signals. However, if significant fluctuations occur, one side facing large liquidations could trigger extreme price movements in a short time.
This balance serves as a temporary stabilizing factor for the market but also poses a risk of increased volatility if the market is psychologically impacted, especially when whales act collectively.
Exchange inflows exceed outflows: Selling pressure or new momentum?
Recent statistics indicate: In just a few days, 21.56 million USD worth of ETH has been transferred to exchanges, significantly exceeding outflows.
Each period of superior capital inflow to exchanges often warns investors about profit-taking pressure, especially after a short-term price increase.
CoinGlass analysis, 2025
This capital flow subtly reflects that many holders and investors are choosing to take profits after the recent price increase. However, the factor to consider is whether these ETH will be sold immediately or continue to be held at exchanges waiting for market signals.
Notably, alongside this, strong development flows, interest from whales, and the underlying potential of Ethereum can absorb selling pressure if demand is sufficient. It is crucial to closely monitor this capital flow behavior and the actions of institutional investors.
Can Ethereum maintain its upward momentum when network activity is vibrant?
Prominent factors such as groundbreaking Smart Contract deployments, whale accumulation, and stable leverage ratios create a solid foundation for Ethereum.
The growth of the Ethereum ecosystem always relies on a combination of technological breakthroughs and real demand, especially when backed by significant capital inflows from institutional investors.
CryptoQuant report, 2025
Although capital inflows to exchanges are causing concerns about selling pressure, the chain of network data, development activity, and strong participation from major investors are the backbone of growth. The overall success will depend on whether the platform's appeal, development demand, and accumulation can sufficiently neutralize the selling pressure from capital flows to exchanges.
Integrating real data, risk management experience, and closely following on-chain trends is key for investors and financial institutions to analyze and build investment strategies suitable for the new context of Ethereum after the Pectra upgrade.
Comparing the main factors impacting Ethereum's growth outlook
The table below summarizes and compares some key indicators and their impact on ETH's growth after the Pectra upgrade:
Post-Pectra Change Factor Impact on ETH Smart Contract Deployments Surpassing ATH, Continuous Growth for 6 Months, Enhancing Practical Applications, Attracting Development Capital, Whales Accumulating Netflow Increased by 450% in 30 Days, Demonstrating Long-term Confidence, Supporting Prices, Market Long/Short Leverage Balanced (50.44/49.56%) Short-term Stability, Potential Breakout, Exchange Capital Inflows Exceed Outflows, 21.56 million USD to Exchanges, Profit-Taking Pressure, Need to Monitor Network Demand.
Frequently asked questions about Ethereum's outlook after the Pectra upgrade.
What notable improvements does the Pectra upgrade bring to Ethereum?
The Pectra upgrade enables Ethereum to achieve 100,000 TPS, reduce gas fees by 90%, and expand applications in DeFi, NFTs, and practical fields such as finance and real estate.
How will active whale accumulation affect ETH prices?
When whales are strongly accumulating, it is a signal of confidence in the bullish trend, which can support prices and reduce volatility due to sell-offs.
What does balanced leverage mean in ETH derivatives trading?
Balanced leverage reflects a cautious market, reducing the risk of large fluctuations but still susceptible to strong volatility if an unexpected breakout occurs.
Why does the increase in ETH moving to exchanges raise concerns for holders?
ETH moving to exchanges often signals holders wanting to take profits after a short-term price increase, which could create selling pressure, impacting short-term bullish outlook.
Can Ethereum maintain its upward momentum after positive signals?
The outlook depends on the resilience of development demand and whale capital flows, especially as the amount of ETH moving to exchanges continues to rise.
How can individual investors manage risks before these fluctuations?
It is necessary to closely monitor on-chain indicators, leverage ratios, and whale trends, proactively adjusting the portfolio when signs of sell-offs or clear capital reversals appear.
Should one invest long-term in ETH after the Pectra upgrade?
Consideration should be based on personal financial goals, risk tolerance, and overall network analysis, rather than chasing short-term 'fomo'.
Source: https://tintucbitcoin.com/smart-contract-tang-gia-eth-thay-doi/
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