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There is optimism for the next network update, sin.
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There is hope that ETH has already touched back and on the way continue to rise.
In a market where uncertainty seems to reign, long -term investors (or holders) of Ether (eth), Cryptocurrency of Ethereum, have adopted a resistance posture that distinguishes them: that of «Diamond hands.»
This expression describes those who maintain their assets with unwavering conviction, without selling despite price drops or uncertainty.
On December 16, 2024 the cryptocurrency reached a cyclic maximum of $ 4,107. However, The euphoria gave way to a sustained correction that led the price to $ 1,866 on March 10 of 2025.
At that time, the cumulative addresses – which they receive constantly without selling – entered the territory of unrealized losses. The Carmelo Aleman analyst, in a Cryptoquant report, details that the price of these addresses was $ 2,026, evidencing a significant gap with the market value.
The price made reflects the average value to which the currencies were acquired by these addresses, representing their base cost and serving as an indicator of their financial position compared to the current price.
In the following graph, the ETH price trend (white line) is seen compared to the price made (blue line), highlighting the gap in March 2025.
These cumulative addresses, which usually belong to long -term holders (those that maintain ETH for more than 155 days), have demonstrated a remarkable resilience.
Instead of selling before the bearish pressure, they have adjusted their price made to $ 1,980 for May 3, a decrease of 2.32% since March. Moreover, they have increased their exposure to the asset: On March 10 they owned 15,5356 million ETH, and for May 3 this figure grew to 19,0378 millionan increase of 22.54%.
The graph below shows how, despite the fall in the price of Ether (gray line), Cumulative addresses not only avoided selling, but also increased their participation (Blue line). This constant accumulation, even during the moments of greater bearish pressure, reinforces the thesis of a structural confidence by the long -term holders.
This behavior, according to German, reflects a «strong belief in the asset, the project and the ecosystem» of Ethereum.
Pin, a lighthouse of hope for Ethereum
The optimism of investors seems to be based on the Pectra update, which was launched today, May 7, 2025, on the main network.
This update, reported by cryptootics, includes 11 proposals to improve Ethereum (EIP) designed to optimize scalability, efficiency and staking. Among them, two proposals have generated a particular enthusiasm: the EIP-7702 and the EIP-7251.
The EIP-7702, described by Jason Chasskin, a researcher at the Ethereum Foundation, such as “the greatest improvement in the user experience in the history of Ethereum”, promises to revolutionize the interaction between external accounts (EOA) and intelligent contracts.
In an exclusive interview with cryptootics, Chaskin explained that This proposal will facilitate the development of more advanced Wallets and will simplify the network operationsimproving compatibility between different types of accounts. For example, users could make more intuitive transactions, which could attract new participants to the ecosystem.
For its part, EIP-7251 will transform the Staking Mechanism By increasing the limit by validator from 32 to 2,048 eth. This change will allow a higher level of ETH in Staking, reducing the total number of active validators.
As a result, Ethereum could become more efficient by decreasing the amount of communications and confirmations between nodes. In moments of high congestion, this could translate into faster transactions and lower rates, a crucial factor to maintain Ethereum’s competitiveness against other networks.
ETF and Staking: A potential impulse for Ethereum
Another element that It feeds the expectations of investors are the ETF from Ether al cash that are quoted in the United States.
Although these instruments do not currently offer exposure to staking, the possibility that the Bag and Securities Commission (SEC) allows it has gained traction.
Fund managers such as Fidelity and 21Shares have presented proposals to integrate staffing into their ETFs, which could attract institutional investors.
Trader Mandela Amoussou commented in March that this integration «could be an important growth catalyst» for ETH, by increasing demand and strengthening the perception of Ethereum as an asset with attractive returns.
The discussions with the SEC have advanced in recent weeks, which has fueled the hopes of investors. However, the road is not exempt from obstaclessince the approval of these proposals will depend on a rigorous regulatory scrutiny.
Dissident voices on the horizon
Despite the predominant optimism, not everyone shares the same vision of Ethereum’s future. The Two Prime firm, specialized in investments and loans supported by digital assets, He announced at the beginning of this month his decision to focus exclusively on Bitcoin (BTC).
The company argued that, although Ethereum has made significant progress, its behavior in the market, its value proposal and the culture of its community have not met expectations.
Two Prime argues that «ETH and other similar projects behave as speculative technological startups that compete for market share, without establishing a clear and sustainable proposal.»
The firm emphasized that its decision is based on empirical data, prioritizing metric over narratives. This perspective raises an interesting contrast with the sustained accumulation of ETH by long -term holders, suggesting that the Ethereum market could be at a crossroads.