Ethereum’s Blockspace Reaches a New All-Time High
Ethereum [ETH], the second-largest cryptocurrency by market capitalization, is showing signs of resurgence. Despite criticism about its declining relevance, blockchain activity paints a different picture. Blockspace demand has reached an all-time high (ATH) in 2025, signaling increased network usage and activity. But what does this mean for ETH’s future?
ICO Wallets Stir After Years of Inactivity
In a shocking turn of events, dormant wallets from Ethereum’s Initial Coin Offering (ICO) era have suddenly become active. Just this year, an early ICO participant who originally acquired 1,000 ETH for $310 in 2014—with ETH now valued at over $3.1 million—moved 200 ETH after a decade of inactivity. This movement points to long-term holders cashing in on massive 10,000x gains, sparking renewed interest in Ethereum’s long-term value proposition.
Ethereum Pricing: Entering the Accumulation Zone
ETH’s price action remains in critical territory. As of now, Ethereum is trading within the accumulation zone—historically the launchpad for major rallies. Leveraged traders have faced significant losses, with high-profile whales, such as Machi, liquidated as prices dipped below key support zones. However, these lower bands, as indicated by the rainbow valuation model, have often marked the foundation of major bull cycles.
Looking at key technical indicators, the Relative Strength Index (RSI) hovers near oversold levels, suggesting that Ethereum is not facing a complete breakdown. Additionally, buyers have consistently stepped in around $3,000-$3,100, confirmed by the Volume Range Volume Profile (VRVP). These support levels indicate a strong floor for ETH, priming it for a potential momentum shift.
What to Expect From Ethereum This Cycle
Market resets, while challenging, can also create significant opportunities. Historically, Ethereum’s rallies have started during periods of low investor sentiment and market inactivity. This cycle appears to be no different, with the network remaining robust despite the external negativity. Ethereum is positioned to make a comeback, with long-term holders and institutional investors closely monitoring the accumulation zone near $3,000.
If you’re a long-term investor, ETH’s current levels could represent a strategic entry point. Whether you’re new to crypto or a seasoned investor, considering Ethereum as part of a diversified portfolio could be a forward-thinking strategy for the coming cycles.
Want to Enter the Crypto Market? Start With the Right Tools
Considering investing in Ethereum? Make sure to utilize reliable resources to track and manage your portfolio. For beginners and seasoned investors alike, the Ledger Nano X cryptocurrency wallet is a highly recommended product for secure crypto management. It offers cutting-edge security features coupled with an intuitive interface, making it a perfect option for safeguarding your digital assets.
