Ethereum Could Lead Next Cycle as Network Activity Reaches All-Time Highs and Short-Term Holders Accumulate

Ethereum is showing renewed resilience: on-chain metrics and holder behaviour signal a strong recovery, with daily transactions surpassing 2.4M and short-term holders accumulating, positioning ETH to lead the next altcoin cycle.

• Ethereum near ATH with strong on-chain activity

• Daily transactions >2.4M; Active Addresses >1.2M, with gas fees lower than prior cycles.

• Long-term holders reducing positions while short-term holders accumulate — a setup historically preceding rallies.

Ethereum price resilience and network strength drive momentum; read the latest on-chain data and what it means for ETH investors today.

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What makes Ethereum one of the market’s most resilient assets?

Ethereum price resilience is driven by sustained on-chain recovery, diversified network demand and accumulating short-term holders. Data from on-chain analytics platforms (CryptoQuant, Alphractal) show ETH recovering faster than many altcoins and trading near prior highs.

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How strong is Ethereum’s network activity?

Network strength is at a record level. Daily transactions exceeded 2.4 million and Active Addresses held above 1.2 million, both noted as all-time highs by on-chain monitors. At the same time, aggregate Gas Fees remained comparatively low — around $80 million per day versus previous cycle peaks above $300 million.

Source: X

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Why do holder dynamics matter for Ethereum’s next move?

Holder distribution is a primary price driver. Current on-chain snapshots show Long-Term Holders (LTHs) controlling roughly 81 million ETH and beginning to reduce positions, while Short-Term Holders (STHs) hold about 39.4 million ETH and are increasingly accumulating.

Source: X

When STHs resist profit-taking and continue to accumulate, historical patterns show ETH often enters sustained rallies. The current mix — LTH trimming and STH accumulation — increases the probability of a breakout if demand persists.

How could this affect Bitcoin dominance and the wider altcoin market?

If Ethereum’s network demand and STH accumulation continue, the altcoin market could capture market share from Bitcoin over the next three months. ETH is well positioned to lead a rotation given stronger on-chain activity and a healthier fee-to-demand ratio.

Source: Alphractal

Frequently Asked Questions

Is Ethereum trading near its all-time high?

Yes. Recent price action shows ETH trading close to prior highs after a period of drawdown recovery. On-chain resilience and renewed buyer interest support this near‑ATH positioning.

What on-chain indicators are most important right now?

Monitor daily transactions, Active Addresses, aggregate Gas Fees, and the balance shifts between Long-Term and Short-Term Holders; these metrics provide the clearest signals of demand and distribution.

Key Takeaways

• On-chain strength: Daily transactions >2.4M and Active Addresses >1.2M, both at all-time highs.
• Holder dynamics: LTHs trimming ~81M ETH while STHs hold ~39.4M ETH and are accumulating.
• Market implication: Continued STH accumulation with manageable gas fees increases the odds of ETH leading the next altcoin rotation.

Conclusion

Ethereum’s current setup — robust network metrics, low relative gas fees and accumulation by short-term holders — underpins a resilient market position. Citing on-chain analytics from CryptoQuant and Alphractal (plain text sources), COINOTAG notes that if these trends persist, ETH could spearhead the next cycle and capture more market share from Bitcoin. Monitor the highlighted metrics for real‑time signals.