EthAlthough it has a 15 %decrease in the highest level of all the time it reached on August 24, it continues to hold at the level of $ 4,300. This withdrawal came in the midst of the general crypto money market correction as a reflection of the worsening of macroeconomic conditions. While the derivative markets do not offer much optimism, some important chain (Onchain) indicators indicate that ETH may rise above $ 5,000 in the near term.
Network activity and institutional adoption gives hope
US President Donald Trump’s negative comments on commercial relations with India increased investors’ preferences for risk. These comments came after Indian Prime Minister Narendra Modi met with Chinese and Russian leaders. This led to 1.3 %of the technology -oriented NASDAQ index, while gold prices reached the highest level of all time at the request of foreign central banks.
Ethereum 
$0.000076‘s network activity also showed remarkable power. The 30 %increase in weekly wages has enabled Ethereum to leave Tron behind the most revenue network. When Katman-2 (Layer-2) activities were included, Ethereum’s total wages reached $ 16.3 million and doubled solana’s $ 7.9 million. According to fashion show, Ethereum noted the second highest level in the decentralized application (DAPP) fees.
In August, Ethereum Dapps earned $ 466 million fee income; This means an increase of 36 %compared to the previous month. In the same period, solana DApp fees dropped by 10 %, while BNB Chain’s wages narrowed by 57 %. Among the most contributing DApps of Ethereum were Lido with 91.7 million dollars, Uniswap with 91.2 million dollars and Aave with 82.9 million dollars.
CUSTOMIZATION IN THE DETERMINATION MARKETS
Despite the positive developments in over -chain activities, ETH derivatives show that traders are suspicious that ETH will recover $ 5,000 in the short term.
The monthly term transaction premium is on the boundary of the neutral -prone market, following 5 %. Such precaution is expected after the 15 %withdrawal from the highest level of all time on August 24th. However, the total open position of futures (Open interest) increased by 26 %in 30 days to $ 58.5 billion, which indicates that the traders did not give up the presence.
The Ethereum Option Silah (SKEW) was measured as 3%on Monday, which remains in the neutral band between 6%and +6%. This shows that trader assigns similar possibilities to sudden movements in both directions. A sharp rise over the neutral threshold would mean the expectation of a breaking below $ 4,200, but this did not happen.
Will ETH price up to the corporate adoption?
Corporate adoption continues to increase. According to data from Strategicethreserve.xyz, companies added 2 million ETH to their reserves in the last 30 days. Bitmine Immersion Tech (BMNR), Sharplink Gaming (SBET) and The Ether Machine (ETHM), including a total of $ 20.2 billion of $ 20,71 million ETH holds.
More importantly, some of these companies began to invest capital into Ethereum -based DApps. Ethzilla (Ethz) announced his new commitments on Tuesday and underlined the increasing activity in the ecosystem. This expansion of real world use strengthens the role of ETH in decentralized practices and can further distinguish Ethereum from its competitors.
As a result, despite the cautious signals from the derivative markets, Ethereum’s increasing network activity shows that ETH is in a good position to regain its rise momentum.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
