Key takeaways:
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Ethereum reached 16.4 million weekly transactions, proving charges can keep beneath $0.20 throughout excessive demand.
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Decentralized trade quantity throughout the Ethereum ecosystem hit $26.8 billion, signaling a return of investor curiosity.
Ether (ETH) skilled a 15.9% value correction in the course of the seven days ending Sunday. This volatility triggered $910 million in liquidations for bullish leveraged ETH positions, fueling fears that the $2,800 help degree, which has held agency for 2 months, may lastly break. Regardless of this dip in dealer confidence, a number of onchain and derivatives metrics counsel a possible short-term rally again to $3,300.
Base layer charges are essential for figuring out demand for a local token, adopted carefully by development in transaction quantity and lively addresses. Whereas Ethereum has confronted criticism for prioritizing scalability by rollups, that technique is paying off as exercise on Base, Polygon, Arbitrum and Optimism good points momentum.
Ethereum community charges jumped 19% during the last week, whereas opponents Tron and Solana noticed declines relative to their latest tendencies. Extra importantly, the mixture variety of transactions on Ethereum layer-2s surged to 128 million, surpassing the totals of BNB Chain and Tron. This implies the Ethereum ecosystem can scale successfully with out sacrificing its core utility.
Decentralized trade (DEX) exercise is a main indicator of capital inflows and community charges. Whereas demand for perpetual contracts buying and selling peaked in August 2025 and has declined since, the pattern is shifting again towards Ethereum. That is largely resulting from common transaction charges dropping to $0.20, down from $0.50 in November 2025.

Weekly DEX volumes on Ethereum reached $13 billion, up from $8.15 billion 4 weeks in the past. Though Solana stays the chief with $30 billion in weekly quantity, the whole Ethereum ecosystem reached $26.8 billion. The Fusaka improve in December 2025 considerably boosted community knowledge capability and launched transaction batch workflows, vastly enhancing the consumer expertise.
Ethereum dominance sticks whilst skilled merchants flip impartial
Ethereum’s dominance in complete worth locked (TVL) stays robust proof of investor desire for decentralization, whilst BNB Chain and Solana wrestle to seize extra market share.

Skilled merchants are returning to a impartial stance between name (purchase) and put (promote) choices after a quick interval of hedging towards additional losses. Opposite to the idea that whales anticipate each swing, the height quantity in put choices occurred after ETH dropped beneath $2,800.

The ETH choices put-to-call quantity ratio at Deribit neutralized between Monday and Tuesday, following 5 days favoring places. Notably, Sunday’s 2x peak marked the very best degree in over 4 months. Confidence seems to be returning as merchants notice the dangers related to a US authorities funding shutdown had a restricted affect in the marketplace.
Associated: Bitmine’s staked Ether holdings level to $164M in annual staking income
Ether’s value weak point contrasts with the S&P 500 buying and selling inside 0.5% of its all-time excessive, whereas five-year US Treasury yields have stabilized close to 3.85%. Buyers stay cautious about inflation and recession odds; the CME FedWatch instrument exhibits the likelihood of the US Federal Reserve trimming charges to three.25% or decrease by July has dropped to twenty-eight%, down from 55% final month.
In the end, Ether’s path to $3,200 will doubtless be pushed by sustained DEX exercise, rising community charges and the clearing of the uncertainty not too long ago seen within the choices markets.
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