{"id":40128,"date":"2025-05-28T11:38:07","date_gmt":"2025-05-28T11:38:07","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/28\/ethereum-price-prediction-to-surge-despite-on-chain-weakness\/"},"modified":"2025-05-28T11:38:07","modified_gmt":"2025-05-28T11:38:07","slug":"ethereum-price-prediction-to-surge-despite-on-chain-weakness","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/28\/ethereum-price-prediction-to-surge-despite-on-chain-weakness\/","title":{"rendered":"Ethereum price prediction: to surge despite on-chain weakness"},"content":{"rendered":"
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Ethereum price may be on the cusp of a strong bullish breakout this week despite weak on-chain metrics. ETH token was trading at $2,645 on Wednesday, up by over 91% from the lowest point this year. This article provides an on-chain analysis and what to expect.<\/p>\n

Ethereum on-chain analysis<\/h2>\n

Third-party data is sending mixed signals about Ethereum price as its consolidation continues. Santiment shows that whales have started to capitulate after the recent surge. <\/p>\n

These investors now hold 103.48 million ETH coins, down from this month\u2019s high of 103.75 million, meaning that they have sold 270,000 coins currently valued at over $711 million in the past few days. <\/p>\n

More data shows that Ethereum\u2019s open interest has started falling after reaching a multi-month high of $11.2 billion on May 26. It has dropped to $10.78 billion today, a sign that demand in the futures market is falling.<\/p>\n

Another data shows that Ethereum fees have dropped sharply in the past few days. The average fee has dropped to $0.324, down from this month\u2019s high of $0.97. <\/p>\n

Falling fees show that the network is not all that active. On the positive side, this performance may push more investors back to Ethereum\u2019s mainnet from layer-2 networks.<\/p>\n

The falling fees has led to a falling burn rate of Ethereum coin. Total fees burned on the network has dropped to less than $3,000 on Wednesday, down from this month\u2019s high of $100,000.<\/p>\n

Ethereum on-chain data | Source: Santiment<\/a><\/figcaption><\/figure>\n

Another notable fee-related data is that the rent that layer-2 networks pay to Ethereum have plunged. Base paid $124k in the last 30 days, a 52% plunge from the previous period. Similarly, Arbitrum One and Optimism Mainnet paid $41k and $14k, respectively.<\/p>\n

Read more: Ethereum price prediction: will ETH roar back after Pectra upgrade?<\/a><\/p>\n

Ethereum demand is rising<\/h2>\n

There are signs that demand for Ethereum coins is rising. SoSoValue data reveals that spot Ethereum ETFs added $38 million inflows on Tuesday, making the seventh consecutive day of inflows. It has had inflows in the last three consecutive weeks, bringing the total inflows to $2.8 billion.<\/p>\n

BlackRock\u2019s ETHA ETF leads with $3.6 billion in assets, and is followed by two Grayscale funds with $3 billion and $1.3 billion, respectively.<\/p>\n

Demand for Ethereum ETFs is weaker than that of Bitcoin, whose funds have accumulated over $43 billion in assets. <\/p>\n

More data<\/a> shows that the total value locked (TVL) in the Ethereum chain has continued rising. It now holds $134 billion in assets, with Lido, AVE, EigenLayer, and Ether.fi being the biggest players. The amount has risen to 50.3 million in ETH terms, up from 45 million in January. <\/p>\n

Total stablecoins on the network have jumped<\/a> to a record high of $122 billion, with Tether having $62 billion and USD Coin having $36 billion. The other top stablecoins on Ethereum are Ethena USDe, Dai, and Sky Dollar.<\/p>\n

Ethereum price prediction<\/h2>\n
ETH price chart | Source: TradingView<\/a><\/figcaption><\/figure>\n

Fundamentals are sending a mixed picture about Ethereum\u2019s network. The daily chart shows that the coin is hovering at the 38.2% Fibonacci Retracement level. It is slowly forming a bullish flag chart pattern, a popular bullish continuation sign in technical analysis.<\/p>\n

Ethereum price has moved above the 50-day and 200-day Exponential Moving Averages (EMA). The two averages could form a golden cross pattern in the coming days or weeks if ETH price rises.<\/p>\n

The most likely scenario is where the ETH price has a bullish breakout and jumps to the resistance point at $3,000. A move above that level will point to more gains, potentially to the 61.8% retracement at $3,055. <\/p>\n

Read more: Top 3 ways to boost the languishing Pi Network price<\/a><\/p>\n

The post Ethereum price prediction: to surge despite on-chain weakness<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum price may be on the cusp of a strong bullish breakout this week despite weak on-chain metrics. ETH token was trading at $2,645 on Wednesday, up by over 91% from the lowest point this year. This article provides an on-chain analysis and what to expect. Ethereum on-chain analysis Third-party data is sending mixed signals <\/p>\n","protected":false},"author":1,"featured_media":40129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-40128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=40128"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/40129"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=40128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=40128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=40128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}