Geoff Kendrick, head of research at Standard Chartered, stated this Friday that the massive increase in Ethereum network transactions represents a strategic buying opportunity. According to the analyst, the ecosystem benefits from the recent Fusaka upgrade and institutional support, positioning the digital asset favorably ahead of the upcoming competitive weekend, despite recent fluctuations.
The value of the leading smart contract cryptocurrency has experienced a 12% weekly correction, currently sitting near the 2,912 dollar mark after the highs reached this year. Nevertheless, Kendrick highlights that this technical pullback does not invalidate current fundamentals, seeing a favorable risk and reward scenario for investors who are looking for long-term profitability and growth.
The banking firm emphasizes that, unlike previous cycles, technical improvements are driving real and sustained usage. The volume of on-chain activity has grown substantially, overcoming the bottlenecks that used to limit scalability, which strengthens confidence in the operational stability of the decentralized protocol during these volatile sessions of financial adjustment and market volatility.
Furthermore, the correlation between network performance and price seems to be narrowing due to operational efficiency. Metrics suggest an unprecedented mass adoption trend, reflecting how the underlying infrastructure now supports a higher data load, consolidating the leadership position in the market against other competitors that still face significant technical difficulties and challenges.
Technological advancement and corporate purchases drive the ecosystem towards a new phase
The Fusaka upgrade, implemented last December, seems to have finally transformed the system’s capacity, facilitating an unprecedented increase in digital traffic. This structural change allows both developers and users to operate without the restrictions of the past, marking a significant milestone in technical evolution that differentiates this rally from other previous market cycles and trends.
On the other hand, Bitmine Immersion, under the leadership of Tom Lee, continues to execute its aggressive acquisition plan, reaffirming its commitment to storing Ether. Despite a quarterly drop in its shares, the company maintains its asset accumulation strategy, which injects a dose of necessary optimism into the global digital capital market and institutional landscape.
How do changes in the Federal Reserve influence the price of Ethereum?
Additionally, the global macroeconomic landscape shows encouraging signs, especially with the possibility of Rick Rieder assuming the Fed chairmanship. A more flexible economic approach by Rieder could considerably benefit risk assets, generating an environment conducive to financial growth for the most important digital platforms in the short term, according to recent market analysis.
Finally, the resolution of tariff risks and the stabilization of the Japanese bond market complement an optimistic picture for the coming months. The combination of technical and macroeconomic factors suggests that the current price decline is transitory, which is why a solid and sustained recovery is expected driven by the renewed and powerful dynamism of the Ethereum network.
