Ethereum News Today: Ethereum’s Quiet Strength: Low Fees, High Volume Signal Bullish Shift

Ethereum’s network activity reached a historic peak, with active addresses surpassing 1.2 million, a record high, and daily transactions exceeding 2.4 million. Despite the surge in demand, gas fees have remained historically low, averaging approximately $80 million per day—far below the $300 million peaks seen in earlier cycles. This efficiency has solidified Ethereum’s position as one of the most resilient assets in the crypto market, outperforming many altcoins that have struggled with sharp corrections and volatility [2].

The strength of Ethereum’s network is further underscored by the behavior of its address holders. Long-term holders (LTHs) currently control 81 million ETH and have begun to offload some of their holdings, while short-term holders (STHs) continue to accumulate. STHs, who now control 39.4 million ETH, have historically signaled the start of powerful price rallies when they resist profit-taking. The current accumulation trend suggests growing confidence among newer investors and could indicate a potential breakout in the near term [2].

While Ethereum’s dominance in the altcoin space remains strong, BNB has recently shown signs of overtaking it in terms of active addresses. According to Nansen data, BNB Chain recorded 10.8 million active addresses in the past week, a 6.7% increase compared to the prior week. This figure outpaces Ethereum’s 2.7 million active addresses and gives BNB a lead of over 4 million addresses over Base. Additionally, BNB Chain’s daily trading volume surged to $1.988 billion, with a 30-day volume of $58 billion [3].

Despite Ethereum trailing BNB in active address count, its network remains a critical driver of the broader crypto market. Ethereum’s performance on the Price Drawdown Heatmap, alongside Bitcoin, Binance Coin, and Tron, highlights its resilience in a volatile market. While many altcoins have remained deep in the red, Ethereum has consistently bounced back from downturns and remains near its all-time high. This stability, combined with its growing transaction volume and low fees, positions Ethereum as a key asset likely to lead the next market cycle [2].

Analysts have pointed to Ethereum’s network strength and on-chain activity as indicators of its potential to absorb more of Bitcoin’s dominance in the coming months. The current on-chain dynamics—low gas fees, high transaction volume, and active accumulation by STHs—suggest a favorable environment for continued price appreciation. If these trends persist, Ethereum could play a central role in the next bull market wave, further cementing its foundational role in the cryptocurrency ecosystem [2].

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[1] title1 (https://www.cryptopolitan.com/ethereum-l2-layer-brett-can-flip-cardano-and-xrp-this-season-as-analysts-say-the-meme-coin-will-250x/)

[2] title2 (https://ambcrypto.com/ethereum-activity-hits-records-while-fees-stay-low-whats-next/)

[3] title3 (https://ambcrypto.com/bnb-overtakes-ethereum-as-the-most-active-chain-will-it-fuel-a-new-ath/)