Mike Smith
6 days ago
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In recent months, the dynamics within Ethereum have once again become the subject of close attention in the crypto industry. After several years of relative calm, the activity in the deployment of smart contracts on this platform has been showing steady growth. Since January 2025, the indicators have sharply increased, reaching values that were not previously observed for the first time since 2021. Behind this is not only a technological update, but also a fundamental change in the mood among developers and investors.
Etherscan statistics confirm: the daily number of new smart contracts in the first quarter of 2025 exceeded even the results of the bull market of 2021. The main impetus was given by the expected upgrade of Pectra, as well as the increasing role of Ethereum in real-world applications. More and more startups, fintech platforms and decentralized applications choose this network, which inevitably stimulates demand for ETH. Despite the rapid growth in activity, the cryptocurrency price remained under pressure, first falling from $3,700 to $1,400, and then gradually recovering to $2,500.
Market participants are not inclined to panic due to the discrepancy between the price and technical dynamics. Investor TedPillows is confident that the sharp increase in the number of new smart contracts is a signal of the return of the on-chain impulse, which can lead to new price peaks. In his opinion, ETH has every chance of exceeding $10,000 in the current market cycle. This attitude does not seem unfounded: according to CryptoQuant, the volume of ETH in long-term addresses for accumulation has updated its historical maximum. Almost 21 million ETH is concentrated in such wallets today - this is about 17.5% of the circulating supply. The clear predominance of accumulation over sales against the background of volatility emphasizes the stability of interest in the coin among major players.
Analysts emphasize that repeating patterns on Ethereum charts can say a lot about future prospects. Cas Abbe, using a 2-week Gaussian channel, noted that in the past, such breakthroughs were accompanied by a significant increase in value. Thus, in 2020, ETH jumped from $ 300 to $ 4,000, and in 2024 - from $ 2,400 to $ 4,100. If a similar scenario is repeated, by the end of the third quarter of 2025, we can expect a return to the $ 4,000 mark. An important argument in favor of optimism is the profitability indicators: in the second quarter, ETH has already added 40%, while Bitcoin was limited to 33%. Average quarterly values also speak in favor of Ethereum - 64.22% against 27.3% for BTC.
However, there were some restraining factors. In recent weeks, there has been an increase in the activity of those investors who prefer to take profits after the impressive jump in the ETH price since the beginning of last month. Such a strategy naturally increases pressure on the market and can adjust the dynamics of further growth. However, intense competition in the sector, the emergence of new solutions and the growing interest in decentralized technologies provide Ethereum with a solid foundation for development, and one cycle is followed by another - more large-scale and significant.
