- Ethereum fundamentals reach all-time highs, yet the price rally remained inconsistent.
- Analyst Boomer Saraga predicted that Ethereum’s price will soon reflect its strong on-chain activity.
Ethereum [ETH] has remained inconsistent with its bullishness, even despite the recent launch of its spot exchange-traded funds. So far, the asset has continued to see an increase that ends up being shortened.
For instance, although the asset is up 8.3% in the past week, it was in a decline at press time, down by 3.7% in the past 24 hours with a current trading price of $2,624.
Is Ethereum’s price lagging?
Boomer Saraga, the founder and CEO of Khelp Financial, recently shed light on Ethereum’s price performance in an interview with Schwab Network on the 14th of August.
According to Saraga, Ethereum was seeing all noticeable positivity in terms of fundamentals, however, its price was “lagging.”
Saraga particularly pointed out that Ethereum’s on-chain activities suggested that it was functioning at peak level, but the asset has continued to be unable to produce significant new wealth as it once did.
However, according to the CEO, delay might not be a denial for ETH. Indicating his optimism that Ethereum will surpass its previous all-time high of above $4,800.
Saraga noted,
“From a fundamental standpoint, Ethereum is reaching all-time highs, and I expect the price to follow.”
ETH’s fundamental growth
When looking at Ethereum’s fundamentals, it is worth noting Saraga’s statement that Ethereum’s price is lagging is evident in its on-chain activity.
Source: DefiLlama
Data showed that Ethereum’s network was reportedly securing more collateral—referred to as total value locked (TVL)—than ever before, with current figures from DefiLlama showing a TVL of $48.30 billion.
This was a substantial rise from less than $30 billion in September of the previous year.
Read Ethereum’s [ETH] Price Prediction 2024-25
Ethereum’s number of active addresses has also experienced a dramatic increase, surging from less than 400,000 earlier in the week to nearly 600,000 at press time.
Source: Glassnode
This growth in active participation is a strong indicator of Ethereum’s ecosystem, despite the price setbacks. It reflects a broader engagement with the platform, likely driven by both speculative interests and genuine utility.
- Ethereum fundamentals reach all-time highs, yet the price rally remained inconsistent.
- Analyst Boomer Saraga predicted that Ethereum’s price will soon reflect its strong on-chain activity.
Ethereum [ETH] has remained inconsistent with its bullishness, even despite the recent launch of its spot exchange-traded funds. So far, the asset has continued to see an increase that ends up being shortened.
For instance, although the asset is up 8.3% in the past week, it was in a decline at press time, down by 3.7% in the past 24 hours with a current trading price of $2,624.
Is Ethereum’s price lagging?
Boomer Saraga, the founder and CEO of Khelp Financial, recently shed light on Ethereum’s price performance in an interview with Schwab Network on the 14th of August.
According to Saraga, Ethereum was seeing all noticeable positivity in terms of fundamentals, however, its price was “lagging.”
Saraga particularly pointed out that Ethereum’s on-chain activities suggested that it was functioning at peak level, but the asset has continued to be unable to produce significant new wealth as it once did.
However, according to the CEO, delay might not be a denial for ETH. Indicating his optimism that Ethereum will surpass its previous all-time high of above $4,800.
Saraga noted,
“From a fundamental standpoint, Ethereum is reaching all-time highs, and I expect the price to follow.”
ETH’s fundamental growth
When looking at Ethereum’s fundamentals, it is worth noting Saraga’s statement that Ethereum’s price is lagging is evident in its on-chain activity.
Source: DefiLlama
Data showed that Ethereum’s network was reportedly securing more collateral—referred to as total value locked (TVL)—than ever before, with current figures from DefiLlama showing a TVL of $48.30 billion.
This was a substantial rise from less than $30 billion in September of the previous year.
Read Ethereum’s [ETH] Price Prediction 2024-25
Ethereum’s number of active addresses has also experienced a dramatic increase, surging from less than 400,000 earlier in the week to nearly 600,000 at press time.
Source: Glassnode
This growth in active participation is a strong indicator of Ethereum’s ecosystem, despite the price setbacks. It reflects a broader engagement with the platform, likely driven by both speculative interests and genuine utility.
generic clomid online can you buy cheap clomiphene pills how can i get generic clomiphene tablets can i order cheap clomid without a prescription where to buy clomid price order clomiphene online where to get cheap clomid pill
This is the make of enter I turn up helpful.
I couldn’t hold back commenting. Adequately written!
buy azithromycin generic – cost tindamax order metronidazole pills
buy semaglutide 14mg generic – purchase semaglutide sale oral periactin 4 mg
buy domperidone generic – order sumycin generic order cyclobenzaprine 15mg online cheap
order zithromax – zithromax 500mg cost nebivolol 5mg over the counter
augmentin 1000mg drug – https://atbioinfo.com/ purchase ampicillin online cheap
buy generic esomeprazole over the counter – https://anexamate.com/ generic nexium 40mg
warfarin uk – https://coumamide.com/ buy losartan 50mg generic
meloxicam ca – https://moboxsin.com/ purchase mobic generic
cost deltasone 10mg – https://apreplson.com/ buy prednisone 5mg
top ed drugs – site herbal ed pills
cheap amoxicillin without prescription – combamoxi.com purchase amoxil without prescription
buy cenforce no prescription – https://cenforcers.com/# where to buy cenforce without a prescription
tadalafil 5mg once a day – site is generic tadalafil as good as cialis
buy generic zantac over the counter – on this site cheap ranitidine