Ethereum ($ETH ) Market & On-Chain Update

Current Price: ~$4,300
24h Range: $4,262 – $4,472

Market Cap: ~$519 Billion
24h Trading Volume: ~$30–36 Billion

On-Chain Metrics:

Daily Transactions: ~1.64M (steady, +46% YoY growth)

Active Wallets: ~483,000 addresses in the last 24 hours

New Wallets: ~64,800 addresses created in the last 24 hours

DeFi TVL (Ethereum ecosystem): ~$90 Billion locked

Network Revenue (24h): ~$288K with ~$923K in transaction fees

These numbers clearly reflect robust on-chain activity and sustained adoption, despite short-term volatility.

Market Sentiment:

Ethereum is consolidating around the $4,300 zone after a minor 3–4% pullback in the last 24 hours. Despite the correction, trading activity remains strong, and fundamentals continue to support a long-term bullish case.

Institutional interest (via ETFs and staking products), combined with consistent user growth on-chain, highlights Ethereum’s role as the backbone of DeFi and Web3.

Price Outlook & Predictions:

Short-Term: Ethereum could continue consolidating in the $4,200 – $4,400 range as traders digest recent volatility.

Mid-Term: With increasing adoption and ecosystem growth, ETH has the potential to retest $4,800 – $5,000.

Upside Potential: A break above the previous ATH (~$4,950) could open the path toward $5,500+ in the next bullish wave.

Why Investors Are Watching ETH:

Largest smart contract platform powering DeFi, NFTs, and enterprise blockchain applications.

Strong developer community and continuous upgrades (Shanghai, proto-danksharding, rollups).

High on-chain engagement showing network stickiness and resilience.

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