Transaction volumes with Ethereum increased by 200%

Crypto analyst Michael van de Poppe said that Ethereum ETH $1,979.94 Bridged Ether (StarkGate) 2.68% Market capitalization $45.11 million VOL. 24 hours $0.97 billion is showing growth signals similar to those that preceded the large-scale rally in 2020. Despite a 30% drop in the ETH price, the volume of transactions with stablecoins on the network has increased by 200% over the past year and a half. In his opinion, the market often does not immediately react to such changes, which was the case in 2019, when the price started to rise only after the peak of activity with stablecoins.

The expert explained that the market looked frozen at the time, but it was during the maximum transaction volume that the ETH price started to move up. He emphasized: «The price always follows the narrative. And this is exactly what we will see with Ethereum in the coming period.»

Van de Poppe also drew attention to the MVRV indicator (the ratio of market value to realized value), which indicates that the asset is undervalued. According to him, the current valuation of Ethereum is at a level typical of periods of deep market crises.

He compared the situation with several historical moments: the April 2025 crash, the June 2022 bottom after the Luna collapse, the March 2020 drop amid the COVID pandemic, and December 2018, when the market reached the peak of its bearish phase. In all of these cases, he said, it created an «exceptional buying opportunity» for Ethereum.

At the time of publication of the news, Ethereum was trading at $ 1,947.56, down 2.99% from the previous 24 hours.