Ethereum’s Price Resilience: Network Growth Fuels Strength Despite Short-Term Weakness

Ethereum’s price has been facing a temporary lull, failing to break above $2,700 since May 13th. However, underlying network activity is demonstrating healthy growth, contributing to its outperformance in the crypto market. Analysts attribute this upward momentum to expanding DeFi applications and increased institutional investment. 48% below its all-time high, ETH’s price remains relatively subdued compared to its peak in October 2021. Despite a recent dip, Ethereum continues to hold strong with investors citing its resilient ETH futures markets as a key driver of this performance.