Ethereum News Today: Ethereum Eyes $9,000 as On-Chain Activity Hits Three-Year High

Ethereum (ETH) has attracted renewed attention as analysts highlight the possibility of reaching a $9,000 price target, driven by strong on-chain signals such as reduced exchange-held supply and increased gas usage. The decline in ETH held on exchanges to a three-year low suggests a shift toward long-term holding, while growing daily usage and active addresses indicate increasing adoption. Despite challenges in maintaining prices above $3,500, the reduction in selling pressure and rising network activity signal a stronger foundation. With potential institutional interest on the horizon, the path to $9,000 appears more plausible [1].

Simultaneously, Tron (TRX) has seen a 35% increase in trading volume over the last 24 hours. Tron's network now facilitates over 70% of all peer-to-peer USDT transfers across major blockchains, attributed to its low transaction fees and fast processing speeds. This growing role in stablecoin transfers positions Tron as an efficient and scalable option in the evolving DeFi and global payments landscape [2].

Cold Wallet introduces a distinct model by offering users direct cashback rewards through its native token (CWT) for gas fees and swaps. Unlike traditional platforms tied to market price cycles, Cold Wallet’s reward system operates continuously, allowing users to earn tokens automatically when interacting with the wallet. Users at the Diamond tier can receive 100% cashback on gas fees, transforming everyday crypto usage into a value-adding experience. The project’s presale is currently in Stage 16, with a token price of $0.00942 and $5.7 million raised to date [3].

While both Ethereum and Tron reflect growth through price and usage metrics, Cold Wallet differentiates itself through a consistent reward mechanism that is not contingent on market conditions. Early participants in Cold Wallet’s presale have already benefited from the expanding reward system, highlighting its potential as a unique value proposition. As the crypto landscape evolves, projects like Cold Wallet emphasize user retention and real-time utility, which may become increasingly relevant in 2025 [4].

Source: [1][2][3][4]

[1] Ethereum Price Eyes $9,000 as On-Chain Metrics Strengthen (https://coinmarketcap.com/community/articles/68909863c655ae7a1f830ecd/)