Key Takeaways:
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ETH price acquisitions are driven by a network activity and steady ETF flow.
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The data suggests $ 2,800 will remain a difficult drawback to overcome ETH.
Ether (Eth) has been exchanged within a relatively narrow range between $ 2,370 and $ 2,770 since May 10, however many indicators suggest potential for upward movements. The Ethereum continues to lead the blockchain space to both deposits and activities when layer-2 scaling solutions are included in the review.
Despite Ether’s failure to recover all the time high during the 2024–25 cycle, none of the so-called Ethereum killers near the match of $ 66.6 billion in total locked (TVL). Ethereum currently holds a dominant 61% part of the market, while the two largest competitors together cost only 14%.
The TVL of the base layer of Ethereum has grown 6% in the last 30 days, led by those obtained from pendle, eters, and sparks. In contrast, the BNB chain saw a 6% decline, and Solana’s deposits dropped 2%. More importantly, advancing deposits throughout the competing blockchains during the Memecoin Frenzy Earlier in 2025 was proven uncertain.
The Ethereum loses its land on the decentralized exchange (DEX) volume due to high base layer fees, which remains a hindrance for most users. However, layer-2 solutions collectively recorded a wonderful $ 70 billion in the DEX activity for 30 days, maintaining Ethereum’s lead throughout the ecosystem. Known contributors include base, arbitrum, unichain, and polygon.
Interestingly, some networks that once aimed at challenging Ethereum’s dominance with base-layer scalability are now out of the top six in Dex activity. For example, Tron reported that only $ 4.5 billion was posted in a 30-day volume, while Avalanche recorded $ 4.2 billion. Conversely, the Ethereum and scale solutions reached $ 136.8 billion.
Ether critics have raised concerns about Ethereum maintenance, pointing to its moderate $ 43.3 million on chain fees for 30 days. Recent network updates have previously benefited for rollups, which introduce large, cheap temporary data packets known as blobs. As a result, returns for stakers are negatively affected, as the reduction of ETH supply is largely dependent on network fees.
Beyond its onchain dominance, Ether remains a single altcoin with approved funds exchanged by funds (ETF) in the United States. This advantage has helped adopt a $ 10 billion market, while competitors such as Solana and XRP are still Awaiting decisions From the US Securities and Exchange Commission. Analysts expect a final decision by mid -October.
Since May 16, the ETH ETF spot has not recorded a single day of net outflows, which gained $ 837 million in net inflows over the season. While this purchase pressure may appear moderate compared to $ 4 billion in the average day -to -day ETH volume in major exchanges, it signals a growing interest in institutional.
Related: Everyone loves crypto ETFs, but not after reading fine printing
The short -term ether supply, as measured by exchange deposits, fell on a record low near 16.33 million ETH. At the same time, 28.3% of the total ether supply today Locked in stakinga dynamic -new support of the positive price that moves when demand increases.
The sharp 48% ETH rally between May 7 and May 14 emphasizes the imbalance between holders and potential consumers. Considering Ethereum’s onchain metrics and increasing ETF demand, a breakout of over $ 2,800 in the near term seems likely.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
