Ethereum is experiencing one of the strongest cycles in its history

The performance that Ethher (ETH) has had, the cryptocurrency of the Ethereum Network, in the last six months has given to speak, as it has starred higher than those of Bitcoin (BTC) and has positioned itself as one of the favorite alternatives of the institutional sector.

For analysts of the analysis firm on-chain Cryptoquant, ETH is experiencing «one of the strongest cycles» of its entire history. This, driven by large investors, as well as the growth of staking and activity in the protocol chain created in 2015.

The analysis indicates that the ETFs of ETH that are negotiated in the United States, as well as the accumulation of currencies by whales and the growing use of intelligent contracts, They reinforce their role as an investment asset and as a liquidation layer.

The figures show a relevant rebound. Ethereum fund holdings doubled since April 2025 and reached 6.5 million ETH. To this is added that the wallets of whales, with balances of between 10,000 eth and 100,000 eth, concentrate more than 20 million currencies.

From Cryptoquant they warn that this scenario confirms the participation of «intelligent money» in the market, but also limits an immediate margin of growth, since much of that capital is already positioned.

Staking marks another historical maximum. The total eth in Staking is 36.2 million units, which reduces circulating offer and adds bullish pressure. However, this movement also blocks capital, what could stop new tickets if the price does not maintain impulse, Explain to the company.

In parallel, the activity in the network shows expansion. Transactions and active addresses reached historical records, with 51.7 million transactions counted only in August. Likewise, intelligent contract invocations exceeded 12 million daily for the first timeconsolidating Ethereum as the main programmable settlement layer.

In turn, exchanges data point to lower sales pressure. Tickets have decreased since ETH touched the USD 5,000, which suggests confidence in greater price stability, analysts say.

Even so, Cryptoquant specialists highlight that The key resistance to the price would be located around USD 5,200a level that works as a roof.

However, at a time when ETH features around USD 4,400, analysts see a period of consolidation in the short term, especially if there is no decisive breakdown in that area.

Early signs

Daniel Andrés Peláez, Venezuelan economist specialized in cryptocurrencies, who also believes that ETH is experiencing one of its strongest cycles coincides with Cryptoquant.

«Unlike the cycle that was in the year 2021, there is a greater institutional impulse, there are massive purchases of whales and ETF of Ether,» he said in contact with cryptooticies.

Peláez explains that Eth has been showing «very early signs» of trends towards the rise And a structure that reflects previous cycles, «but that differs because there is a greater adoption from the institutional and defi point of view, as well as greater scalability.»

For peláez, The key price of Ethereum cryptocurrency is $ 5,000, «Because it represents a psychological resistance to the currency.»

«And if that resistance is overcome, there could be an interesting rally that has the price to USD 5,800 or $ 6,000, or even $ 7,000 in the short term,» he projected.

Dean Popplewell, financial analyst, coincides with Cryptoquant and Daniel Andrés Peláez. He emphasizes that the impulse of the ETH market, measured through the relative force index (RSI), It has dropped from extremely overcompraced levels to a range close to neutrality«Which allows new action opportunities.»

In his opinion, “the combination of price consolidation and momentum It offers a floor for greater volatility in the coming weeks. ”

In that sense, it emphasizes that, if the price is consolidated on the USD 4,400, a bullish movement could be enabled, provided that the USD 4,500 zone is clearly broken.

The analyst requires key levels for the market. As supports, identifies the USD 4,250 strip to USD 4.280, the USD 4,000 to USD 4.095 and a main area around USD 3,500.

As resistances, identify the USD 4,480 strip to USD 4,500, the USD 4,950 as new historical maximum and the USD 5.230 level, which is a reference for traders and that coincides with the projection of Cryptoquant and Peláez.

Thus, for analysts it is clear that ETH goes further and is willing to play that roof in the short term. In his favor is institutional support and even the retailer already begins to look more strongly. However, it is conducive to remember that the market is always the one that responds and decides.