Ethereum On-Chain Growth Pushes ETH Toward $5K

The global crypto market remains steady in the past 24 hours, led by Ethereum’s strong on-chain activity that is fueling optimism for a push toward the $5,000 mark. While Bitcoin holds above $113K, ETH’s network growth, rising institutional adoption, and spot ETF inflows are setting the tone for the broader market.

Market Overview

The crypto market cap hovers around $3.9 trillion, with Bitcoin dominance near 58%. Despite short-term caution from traders, the overall trend remains bullish as institutional demand and corporate treasuries continue to accumulate major assets like ETH and BTC.
• Bitcoin (BTC) is consolidating after last week’s rally, holding key support levels.
• Ethereum (ETH) stands out with 35% higher fees and 10% more active addresses, signaling strong network health.
• Solana (SOL) shows renewed activity in DeFi and NFT markets.
• BNB remains solid with ecosystem expansion.
• XRP maintains upward momentum with steady adoption in cross-border payments.

Today’s Ethereum Highlight

Ethereum briefly touched $4,700 before retracing, now trading around $4,498. Analysts suggest its road to $5K looks increasingly clear, thanks to:
• Surging On-Chain Activity: Fees jumped 35% and active addresses rose 10% in a week.
• Institutional Demand: Spot ETH ETFs now manage $24.7B, with $213M net inflows on Thursday alone.
• Treasury Accumulation: Companies added 877,800 ETH (~$4B) in just 30 days.
• Validator Queue Exit: Over 2.67M ETH waiting to unstake, reflecting short-term caution but not immediate sell pressure

Ethereum still dominates DeFi with 64.5% of total value locked, far ahead of Solana’s 9%, reinforcing ETH’s unmatched position in decentralized applications.

Top 5 Cryptocurrencies – 24H Performance

Ethereum’s surge in on-chain usage, ETF inflows, and corporate accumulation point to a bullish trajectory toward $5K, potentially leading the next leg of the market rally if Bitcoin holds above $113K support.

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