Ethereum’s network is experiencing a resurgence, breaking speed records and attracting significant actions from prominent investors. As large investors take advantage of the price drop, might this increase indicate the start of Ethereum’s next significant rise? The Ethereum ecosystem has broken its previous TPS records. The Ethereum ecosystem is now achieving remarkable heights. Data recorded a peak of 3,453 transactions per second at 14:37. Just hours later, the record was broken with a new all-time high of 3,872 TPS.
Network throughput has consistently remained above 2,600 TPS, with accounting for over 1,800 TPS, which represents more than half of the ongoing activity. Arbitrum recorded 477 TPS, with newer L2s such as Soneium also capturing significant market shares. Large investors are taking action. Whale flows suggest a solid trust in ETH, despite the recent price dip. Recent data indicates that major buyers have acquired 323,523 ETH, amounting to $1.12 billion, over the past 48 hours. Their entry points varied between $3,247 and $3,515 per ETH. A notable address, the same wallet that once borrowed 66,000 ETH from Aave, has now obtained 257,543 ETH, totaling $896 million.
A new batch of “7 siblings” wallets has accumulated 37,971 ETH, along with other new wallets that have collectively gathered over 14,000 ETH. These are significant acquisitions; they are considerable. Major investors seem to believe that ETH is nearing its bottom and are wagering on a rebound instead of an additional drop. Experts point out that ETH is currently situated again in a comparable multi-year compression zone, echoing the phases from 2016 to 2018 and 2018 to 2021. Both patterns resulted in a notable rise.
The ongoing 2022–2025 framework indicates that the asset is revisiting the upper boundary of the red supply zone, which ranges from $3,800 to $4,200, while maintaining its position above the multi-year ascending trendline. This pattern has been followed by the breakout that sets the stage for new cycle highs. If ETH respects the trendline again, this scenario suggests that the ongoing decline is not a “trend failure,” but instead the last retest before a potential macro breakout.