Key results:

• Ethereum fees and DAPPS activity increased by exceeding the throne and Solan.

• Data on ETH derivatives show caution, but the growing institutional reserves strengthens the long -term matter stubborn ETH.

Ether (ETH) maintained the company about USD 4,300, despite the 15% inheritance compared to the highest level of August 24. Withdrawal occurred among the broader correction of the cryptocurrency market, probably reflecting the deteriorating macroeconomic conditions. While derivative indicators show little optimism, several key onchain indicators suggest that ETH can exceed $ 5,000 in the near future.

Negative comments From US President Donald Trump about commercial relations with India, he added investors a choice for cutting. Trump’s comments appeared after Narendra Modi’s Prime Minister Narendra Modi met with Chinese and Russian leaders on Monday. Nasdaq, massive Nasdaq, fell by 1.3%, while gold reached the highest level in history, supported by the continuous demand of a foreign central bank.

The activity of the Ethereum network also showed significant strength. 30% of the weekly enhance in fees allowed Ethereum to overtake the throne as the best -paid network. Including layer 2, the total Ethereum fees reached $ 16.3 million, over $ 7.9 million salted. According to Defillas, Ethereum has published his second highest decentralized fees (DAPP) from February 2022.

In August, Ethereum DAPPS generated $ 466 million fees, which is an enhance of 36% compared to the previous month. On the other hand, DAPP Solana fees fell by 10% in the same period, while the BNB chain recorded a spasm of 57%. Among the best colleagues Ethereum was Lido from $ 91.7 million, Uniswap with $ 91.2 million, and Aave from $ 82.9 million for 30-day fees.

While Onchain’s activity shows progress, ether derivatives suggest that traders remain skeptical about recovering ETH 5000 USD in a miniature period.

The monthly Premium Futures is 5%, floating on the edge of the neutral market to wear. Such caution is expected to withdraw from the highest level of August 24. However, the Futures Open Angorer. Interest increased by 26% in 30 days, reaching $ 58.5 billion, signaling that traders do not abandon assets.

Ether options were cut on Monday 3%, within the neutral band from -6%to +6%, because traders attributed similar probabilities to surprise movements in both directions. A keen growth above the neutral threshold would suggest expectations of a failure below USD 4,200, but this did not materialize.

Will corporate adoption continue to direct the price of ETH?

The institutional reception is also built. Corporations have added 2 million ETH to reserves in the last 30 days, according to the data with Strateicethreserve.xyz. Companies, including Bitmine Immersion Tech (BMNR), Sharplink Gaming (SBET) and Ether Machine (ETHM), now have a total of 4.71 million ETH with a value of over $ 20.2 billion.

More importantly, some of these companies are starting to implement capital in DAPP based on Ethereum. On Tuesday, Ethzilla (ETHZ) announced modern commitments, emphasizing the growing activity throughout the ecosystem. This extension of real exploit strengthens the role of ETH in decentralized applications and can further distinguish Ethereum from competitors.

Ultimately, despite cautious signals from markets of derivative instruments, the growing activity of the Ethereum network leaves ETH well positioned to recover stubborn shoot.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.