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ETH Ethereum: Internet data is strong, is the price undervalued?
Although Ethereum faces selling pressure from the cryptocurrency market throughout 2026, its network growth continues. Although price performance has been weak, growth in trading volume, locked assets and active users is attracting the attention of many analysts. Therefore, some experts believe that current prices do not fully reflect the true value of the network. In particular, investors who invest in long-term cryptocurrencies are also paying close attention to fundamental data in addition to prices.
Is the price of Ethereum lower than its true value?
Ethereum reached an all-time high of US$4953 on August 24, 2025. However, prices have since fallen by about 62% to $1888. In addition, its value loss has reached 36% since the beginning of the year. Despite this, its market value remains at about $230 billion. Despite the sharp drop in prices, continued growth in Internet usage has led some researchers to believe that Ethereum is trading at less than it should be worth.
Blockchain usage remains strong
Despite price pressures, activity on the blockchain has increased significantly. According to Alphractal data, the daily transaction volume has remained above 2.5 million for a long time, with the latest measurement showing approximately 2.56 million. In the same period last year, the daily transaction volume was mostly less than 1.5 million. Interestingly, even at a time when Ethereum hit a record high, the network processed only about 1.6 million transactions per day. Today's trading volume far exceeds this level.
Alphractal analyst João Wedson also pointed out that despite poor price performance, network adoption remains strong. Wedson believes that these fundamental indicators may support Ethereum's performance over the next two to three years.
Is the inflow of Ethereum funds in the cryptocurrency market still continuing?
Despite the weak price outlook, new funds continue to flow into the Ethereum ecosystem. Data from DeFiLlama shows that the total value of locked positions online has increased by approximately $4.92 billion since July 1. The rise in TVL suggests investors are more inclined to keep money online for longer periods of time. In addition, users can also earn income by locking in assets.
The growth in the number of daily active users also supports this view. According to Artemis, the number of daily active users has reached approximately 581,000, one of the highest levels since the end of June. This development shows that Ethereum remains an important infrastructure in digital asset trading.
Ethereum verifier data and investor confidence
The behavior of verifiers on the Ethereum network also sends positive signals for the long-term outlook. The recent zeroing of the validator exit queue suggests that existing validators are more likely to hold assets than leave the network. At the height of the market's decline, about 2.6 million ETH were waiting to exit, a process that had stretched to 44 days. The latest data shows that there are currently about 2.52 million ETH waiting in line to become verifiers, with a waiting time of 43 days.
Taken together, the increase in transaction volume, rising TVL, expanding user base and interest among verifiers all indicate that the fundamentals of the Ethereum network remain strong.
This content absolutely does not constitute investment advice. Markets have high risks, and it is crucial to conduct your own research before making investment decisions.
