Ethereum Strengthens Dominance in Stablecoin Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 9h ago- Market Share Growth: Since 2023, Ethereum has increased its share of global stablecoin supply by 5.1%, with active stablecoin addresses rising by 3.7%, indicating that capital is choosing to settle on Ethereum rather than merely seeking lower transaction fees, thereby enhancing its market position.
- Weak Price Performance: Ethereum is currently trading around $2,300, down 11.3% over the past week and more than 50% below its all-time high of $4,950, highlighting the gap between network growth and market sentiment, with price pressures persisting in the short term.
- Technical Analysis: From a technical perspective, Ethereum is stabilizing after a sharp correction, with the 4-hour chart showing the RSI below 50, indicating weak momentum but potential easing of selling pressure; a sustained move above $2,450 could improve the short-term structure.
- Long-Term Outlook: Analysts note that Ethereum's current drawdown mirrors historical cycles, typically completing declines before macro assets peak, suggesting that if historical patterns repeat, 2026 could mark a period of strong relative price recovery for Ethereum.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
