- Ethereum secures $ 219 billion on-chain, powered by stablecoins and decentralized applications.
- Bullish sentiment rises, with ETH that is $ 3,000 in the eye despite mixed technical signals.
Ethereum [ETH] showed renewed momentum, acting at $ 2,604.49 at the time of writing after winning 4.64% in the last 24 hours, according to Mint market cap.
The Rise signals that reinforce confidence in the Ethereum network, which now anchor $ 219 billion in value in stablecoins, dapps and tokenized assets.
As emphasized by Blockchain analysis platform Messari, the growing ETH capital ecosystem continues to attract, which strengthens its position as the largest altcoin.
Source: Messari/X
That said, Ethereum continues to dominate the blockchain room in both capitarian assignment and the use of applications.
Of the $ 219 billion secure on-chain, a significant part of Stablecoins, with the attention of their fundamental role in ETH’s ecosystem, is stated according to data that has been visualized by Messari.
Ethereum surpassed these statistics
In addition to capital, Ethereum leads in decentralized applications, in particular in areas such as NFTs, Defi and bets.
Defillama data shows that the network has locked a total value (TVL) of $ 61.10 billion, so that the leadership is further confirmed.
According to Artemis Analytics, Ethereum leads all block chains in net capital flow over Defi Bridges. This emphasizes its strong liquidity and ecosystem confidence.
In the meantime, the price momentum of Ethereum has been reinforced by a shift in social sentiment, which has become bullish, per coinmarket cap.
Source: Coinmarketcap
Is the sentiment bullish or bearish?
Technical indicators such as the Relative Strength Index (RSI) reflect these positive prospects and remain above the neutral threshold.
However, the MACD indicator still points to persistent bearish, which suggests that the bulls have not yet been completely taken over.
Source: Trade reproduction
Nevertheless, traders remain optimistic and look closely in the short -term resistance to protect against potential reversations.
Contributing to optimism is the recent pectra upgrade, which, although encourages trust, has also attracted the attention of attackers who exploit the newly introduced EIP-7702 function.
Nevertheless, Ethereum could be on schedule to challenge the $ 3000 marking soon.