Ethereum price crawled back in the past few days, moving from a low of $1,750 on Friday to $2,088 on Sunday, as investors bought the dip. ETH’s rebound is also being supported by the broader crypto rebound and its strong fundamentals.
Ethereum Price Rebound is Supported by Strong Fundamentals
A closer look at the broader crypto industry shows that Ethereum is firing on all cylinders. A closer look at the RWA industry shows that it has the biggest market share by far. Its distributed asset value has jumped by 15% in the last 30 days to over $14.2 billion, a substantial figure in an industry with over $20 billion in assets.
The same is happening in the stablecoin industry, where its assets have soared to over $162 billion. This is notable as the stablecoin sector has over $300 billion in assets, led by USDT and USDC. Its stablecoin holders stand at over 22 million, while its transaction volume per month has jumped to over $8 trillion.
Ethereum is also the most dominant player in the decentralized finance industry, where its dominance has jumped to over 70%. Its top dApps in the industry are Aave, Uniswap, and Maple.
There are signs that Ethereum demand continues rising despite the ongoing ETH ETF outflows. A good example of this is the ongoing trends in exchange balances. Data shows that the supply of ETH tokens in exchanges has continued falling in the past few months.
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Most importantly, more Ethereum holders are staking the coin. The staking ratio has moved to over 30% as a net 819k ETH have been staked in the past 30 days. Notably, over 4 million ETH tokens are waiting in queue to be staked, while only 30k are waiting to exit. That is a sign that many investors have a long-term view of the coin.
Ethereum’s team has major plans to make the network faster and more cost-efficient. It has already achieved the cost aspect as the transaction costs have tumbled in the past few months. Also, the upcoming Glamsterdam upgrade will introduce more features, including sharding and zero-knowledge to make it a faster and more secure network.
ETH Price Prediction: Technical Analysis
Ethereum price chart | Source: TradingView
The logarithmic weekly chart shows that the ETH price crashed to an important support level, which coincides with the ascending trendline that connects the lowest swings in June 2022 and April 2025.
ETH has now formed a hammer candlestick pattern, which is made up of a small body and a lower shadow. It has also formed an inverted head-and-shoulders pattern, a common bullish reversal sign.
Therefore, the coin will likely rebound in the coming weeks as bulls target the psychological level at $3,000. A move above that level will point to more gains, potentially to the upper side of the channel at $5,000.
On the other hand, a drop below the lower side of the channel will point to more downside, potentially to the key support level at $1,375, its lowest level in April last year.
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