With the bearish pressure around Ethereum and its market growing strongly, its price may retest the $1,500 support level sooner than expected. One good thing during this bearish phase is that the ETH network has continued to show robust growth as on-chain activity returns to historic levels.
Growing Demand Fuels Ethereum Network Activity
While the price of Ethereum slowly losing its stability, the network has displayed constant upward momentum in still unfavorable market conditions. Although ETH has retested key support levels such as the $1,600 mark, activity on the leading network does not appear to be slowing down.
Reports by Leon Waidmann, head of research at Lisk and market expert, reveals that Ethereum is experiencing a powerful resurgence in network activity, reaching record levels. According to the expert, activity in blockchain is reaching unprecedented levels, signaling growing engagement across the ecosystem.
As Ethereum continues to function as a foundational layer for decentralized banking, tokenization, and blockchain applications, this spike represents growing demand from users, developers, and institutions. This robust growth highlights the chain’s position as one of the most active and influential networks in the cryptocurrency industry.
Even though the price of ETH appears dead, data shows that daily active addresses are getting closer. the networkthe highest range ever seen. In 2018, active wallet addresses on the network peaked at 720,000, and during the 2021 bull market cycle, addresses reached 800,000.
Meanwhile, in the current market cycle between 2025 and 2026, addresses have consistently exceeded one million, peaking above 1.3 million. This implies that the network is now processing more real activity than at the peak of the last bull market cycle.
Interest in Ethereum is increasing at a significant rate, as indicated by a significant withdrawal of coins from cryptocurrency exchanges. Wednesday ETH count on crypto exchanges reached around 14.5 million ETH, marking its lowest level in history, occurring during the crash, not before.
In October 2023, the ETH exchange balance reached its lowest level with 21 million ETH from the current level. Over the past 2.5 years, over 6 million ETH has been withdrawn from crypto exchanges. During periods of increased volatility, stock markets generally experience stability influxbut rather the opposite happened. “Whoever buys here does not resell,” Waidmann said.
Lowest ETH price identified
A recent article by Ali Charts, a veteran crypto analyst, shed light on Ethereum’s price bottom and how it will happen. The expert’s analysis is anchored on the Ethereum Delta Price metric, which appears to have identified the last two market lows for the altcoin.
Since Delta Price reflects the link between investorsDue to miners’ cost base and cost of production, it has consistently highlighted deep accumulation zones, making it crucial to deter rock bottom prices. After reviewing the metric, Ali Charts highlighted that the potential lowest price of ETH is near $700. If history repeats itself, the altcoin could undergo a retest of the $700 level before the next sustained uptrend occurs.
Featured image from Pxfuel, chart from Tradingview.com
Editorial process as Bitcoinist focuses on providing thoroughly researched, accurate and unbiased content. We follow strict sourcing standards and every page undergoes careful review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance and value of our content to our readers.
