以太坊创纪录上涨：ETH 正迈向3000美元吗？

Ethereum has returned to above US$2600, with record data on the chain showing increased network activity.

Ethereum successfully broke through the US$2400 barrier and stood at US$2600 in just a few days, regaining upward momentum. During this period, significant changes have also occurred in the data on the chain. The number of ETH addresses held exceeded the 207 million mark, setting a record high, while whale trading activity and pledge data have once again become the focus of the market.

However, the increase in large transactions does not directly equate to new buying behavior. Whale transfers can be used for either purchase or sale. Despite this, buying forces dominate recent price fluctuations, indicating that Ethereum's recovery has also been confirmed at the chain level.

What does Ethereum's record 207 million addresses mean?

According to Sanitation data, the number of addresses holding ETH balances has exceeded 207 million, setting a new historical record. This figure reflects the total number of addresses with balances on the Ethereum network, but does not mean that there are 207 million independent investors. Individual users can use multiple addresses, and exchanges and custodians also control a large number of addresses.

Therefore, it is inaccurate to directly interpret this number as the number of new investors. However, the rise in the number of addresses holding balances is indeed an important signal that distributed participation in the Ethereum network is expanding despite previous weak price performance.

In addition, this activity is not limited to the wallet data level.

Ethereum's pledge volume exceeded 40 million ETH

The total amount pledged on the Ethereum network has exceeded 40 million ETH pieces. The pledge operation of ETH held by large institutions is also an important factor driving this growth. At the same time, Ethereum still maintains a strong position in the decentralized finance (DeFi) space, with a total locked value of approximately US$50 billion.

Pledges, stablecoins, lending platforms and decentralized exchanges together constitute Ethereum's diversified application scenarios. As a result, the recent price rebound is not just seen as short-term volatility, but is based on broader usage dynamics.

The cost of network usage has also changed significantly. Average transaction fees for Ethereum fell below $0.10, down more than 85% from the year-on-year high of $0.72 in April. Lower transaction fees not only reduce network operating costs, but also become a key indicator for observing the vitality of the Ethereum ecosystem.

Does whale activity support the rise in ETH prices?

As Ethereum exceeded US$2600, large-scale transactions have once again attracted attention. But there is an important distinction here: the increase in whale trading does not directly lead to the conclusion that "whales are hoarding Ethereum." Large-scale transfers may involve sales, purchases, inter-agency transfers, or other types of operations.

Sanitation's data shows that Ethereum's buying tendency becomes more pronounced after large transactions occur. Therefore, whale activity can be seen as one of the factors supporting the current recovery, but cannot alone be the only reason for price increases. This distinction is crucial because while Ethereum's chain fundamentals are strengthening, its price still needs to overcome some key technical resistance levels.

Can ETH hit US$3000?

analyst Ted Pillows pointed out that $2550 is an important threshold for Ethereum in the short term. He believes that if ETH can close above that level, it may open up space into the $2,900 - 3,000 range. Ali Martinez has previously proposed a similar bullish scenario.

Pillows 'long-term view points to a higher level. He argued that Ethereum is currently lagging behind compared to the growth of the global M2 money supply and predicted that its price could reach US$10000 by 2029. It should be noted that these target prices are based on analyst expectations and should be evaluated independently of current on-chain data.

Whether Ethereum can firmly stand above US$2550 in the short term will be a key first step in testing whether the US$2,900 - 3,000 scenario can be realized.

To sum up, as Ethereum exceeded US$2600, the on-chain data accompanying its price trend also showed an increasing trend. More than 207 million ETH positions, more than 40 million pledges and approximately 50 billion US dollars in DeFi lock-in value all demonstrate the broad scope of network applications. However, whale activity alone is not enough to prove the emergence of new needs. For ETH, the next key is whether the price can combine the above data to establish lasting stability above $2550.

This content is based on general market data and does not constitute investment advice. Readers are advised to conduct their own research.