Despite a 28% drop in the price of Ethereum (ETH) this year, its long-term investment potential continues to attract analysts' attention. The network maintains its leadership in decentralized finance (DeFi) and on-chain activity. Currently, the Ethereum network hosts $43 billion in DeFi liquidity, over $165 billion in stablecoins, and approximately 55% of tokenized assets on public blockchains. This is reported by Cointelegraph.com reports .
According to Token Terminal data, the market capitalization of tokenized exchange-traded funds (ETFs) has exceeded $400 million, with Ethereum holding a 76.9% share of this market. Crypto analyst Tanaka emphasized that Ethereum is maintaining its dominance based on its on-chain share across various chains.
Ethereum staking activity also continues to grow despite the price decline. Network data shows that the amount of staked ETH has reached nearly 39.1 million coins, representing 32% of the total supply. The validator queue remains high, with over 3.49 million ETH waiting to enter staking, resulting in a waiting time of over 60 days.
CryptoQuant data also confirms the trend of Ether accumulation. On May 20, the inflow of ETH to accumulation addresses reached 248,400 coins, the strongest single-day figure since January 6. Such wallets are typically associated with long-term holders with low selling activity.
Analyst Crypto Bullet believes that the weekly Ether chart still shows a multi-year accumulation range between $1,000 and $5,000. The expert views the recent years as a period where buyers are slowly consolidating their positions before a major trend develops.
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