$4,000 Is Suddenly in Play for Ethereum Price as Key Network Metrics Accelerate
Ethereum's price is testing $3,450 resistance, with accelerating network metrics suggesting a potential rally toward $4,000.Summary
The Ethereum price has broken above $3,300 and is now facing a critical test at the $3,450 resistance level; analyst Ted Pillows suggests that reclaiming this level could lead to a rapid rally toward $4,000. This potential price move is supported by significant underlying network acceleration, which is not attributed to speculative price chasing. Key metrics show a record 393,600 new wallets created in one day, and weekly transacting users hit a new high of 889,300, driven by lower post-Fusaka fees, stablecoin settlement, and real user onboarding into DeFi and payments. This divergence between calm price action and surging fundamentals is notable. Furthermore, institutional optimism is rising, with Standard Chartered forecasting Ethereum could reach $7,500 this year and $30,000 by 2029, citing its leadership in stablecoins, RWA, and DeFi.
(Source：BeInCrypto)