1 month ago
The terms of Ether (ETH), the autochthonal cryptocurrency of the Ethereum layer-1 blockchain network, bottomed retired successful April 2025, and its terms enactment mirrors the 2019 cycle, according to marketplace expert Michaël Van De Poppe.
A surge successful stablecoins, tokenized real-world assets (RWAs), which are accepted oregon carnal assets represented arsenic tokens connected a blockchain, and developer enactment connected the Ethereum web are reasons to beryllium bullish connected Ethereum’s price, Van De Poppe said.
“The stablecoin proviso connected Ethereum has seen an summation of much than 65% successful 2025. It's doubled since the highest successful 2021,” helium wrote successful a Sunday X post.
The stablecoin marketplace headdress connected Ethereum. Source: DeFiLlamaThe full stablecoin marketplace capitalization connected Ethereum is implicit $163.9 billion, with astir 52% of the marketplace headdress dominated by stablecoin issuer Tether’s USDt (USDT) dollar-pegged stablecoin, according to DeFiLlama.
Ethereum processed astir $8 trillion successful stablecoin transportation volume successful Q4 2024 alone, according to Token Terminal.
The contrarian investigation of capitalist sentiment that ETH is dormant oregon dying followed ETH briefly, tapping $3,300 and breaking supra its 365-day moving average, earlier falling backmost to astir $3,100, the terms astatine the clip of publication.
ETH popped up supra the 365-day EMA earlier falling backmost to the $3,100 level. Source: TradingViewRelated: ETH terms to $5K next? Ether rallied 120% the past clip this happened
The ETH-BTC ratio mirrors the 2019 cycle
“ETH is called dead, arsenic it has been trending downwards for 4 years against Bitcoin (BTC). However, since April 2025, it has bottomed out, and we're already successful an Ethereum market,” Van De Poppe said.
He shared a illustration of the Ethereum-Bitcoin (ETH-BTC) ratio, a metric that tracks the terms and spot of ETH against BTC, which bottomed successful April, astir 0.017, earlier rallying to a section precocious of 0.043 successful August 2025.
The ETH-BTC ratio bottomed retired successful April 2025 and rallied. Source: Michael Van De PoppeThe ratio climbed backmost down to 0.034, the level astatine the clip of this writing, pursuing a market-wide clang successful October that disrupted the upward terms inclination successful crypto markets.
Current capitalist sentiment astir Ethereum is akin to capitalist sentiment patterns that preceded erstwhile terms rallies, according to crypto marketplace investigation institution Santiment.
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