Ethereum’s network activity has surged, with daily active addresses topping 800,000, more than doubling over recent weeks. The rise is driven by DeFi, NFT activity, and layer-2 scaling, signaling a healthy network with longer-term growth prospects.
In the same period, Ethereum ETFs posted a net inflow of $479.3 million, the first positive week since October 2025. Even with some outflows, sustained demand from institutions including BlackRock and Grayscale suggests renewed interest. ETH traded around $3,296, maintaining an upward trendline since December lows.
Price held above the $3,200–$3,250 range, supporting a positive near-term outlook with a potential move to $4,200 if momentum strengthens. Nevertheless, a break below $3,150 could undermine the bullish structure and open a path toward $2,900. Taken together, the network and market dynamics advise caution for traders considering short bets on Ethereum. Investors should monitor the ongoing on-chain activity and ETF flows as potential near-term catalysts.
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