Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum Contract Boom Signals Potential Price Surge to New Highs

Ethereum Contract Boom Signals Potential Price Surge to New Highs

TheCryptoUpdatesTheCryptoUpdates2025/08/30 00:00
By:Jack

Ethereum came awfully close to that big psychological number, didn’t it? Just shy of five thousand dollars. It backed off from that peak, settling a bit lower. But the chatter is that it might not be down for long. There’s something else happening under the surface that could give it another push.

It’s Not Just About The Price

New contracts on the Ethereum network are going up. A lot. I saw an analysis from CryptoQuant contributor PelinayPA that really laid it out. This surge in new contracts, it’s a sign of people actually building and using things on the chain, not just speculating on the price. That’s the theory, anyway.

But here’s the thing—it’s not a perfect, direct link. The relationship between new contracts and the ETH price is… messy. Sometimes they move together, sometimes they don’t.

A Look Back Shows a Complicated Picture

Back in 2016 and 2017, the price went on a huge run. But new contract activity? It was pretty quiet, actually. Then, after the 2018 bull run, the exact opposite happened. New contracts were being created even as the price was falling. It was weird. It showed that even growing usage couldn’t stop a bubble from popping.

The 2020-21 period makes more sense. That’s when everything exploded—DeFi, NFTs, you name it. Contract creation went through the roof and the price followed it up. That’s the ideal scenario. Then the bear market of 2022 hit, and both metrics tanked together. So history is all over the place.

What’s Happening Now Feels Different

The current spike in new contracts seems to be driven by a few solid things. DeFi is still there, NFTs haven’t vanished, and there’s this whole wave of bigger, institutional players starting to poke around. It feels less like pure hype and more like actual, sustained interest.

If that keeps up, it could very well be the foundation for the next leg up. Long-term, this is probably what matters most. Real use cases tend to win out.

Of course, predictions are flying. Some analysts, like Fundstrat’s Tom Lee, think we could see $5,500 surprisingly soon. Others, like Standard Chartered’s Geoffrey Kendrick, are looking at a much higher number by year’s end. It’s all guesswork, but the activity on the network gives those guesses some weight.

Right now, ETH is hovering around $4,582. It’s down a tiny fraction. But with all this new activity churning beneath the surface, that dip might not last long. Perhaps that $5,000 mark is just a matter of time.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BlockDAG Rises as Toncoin and SUI Stumble on Weak Momentum

- - August 2025 crypto market shows divergent trends as Toncoin and SUI struggle with price declines and weak technical indicators, while BlockDAG's $386M presale gains momentum. - - Toncoin (TON) trades at $3.24 with 15.21% lower volume, facing critical support levels below $2.80, while SUI ($3.45) risks breaking key $3.50 support amid shrinking liquidity and bearish on-chain data. - - BlockDAG (BDAG) at $0.03 leads bullish momentum with 2,900% ROI projections, 25.5B coins sold, and 20 exchange listings,

ainvest2025/08/30 04:03
BlockDAG Rises as Toncoin and SUI Stumble on Weak Momentum

Dogecoin News Today: Dogecoin's Meme Legacy Meets Corporate Finance in $500M Treasury Push

- Bit Origin, a Singapore-based firm, launched a corporate Dogecoin treasury after securing $500M in funding, signaling growing institutional adoption of the meme coin. - CEO Jinghai Jiang cited Dogecoin's fast settlement speed, strong community, and Elon Musk's endorsement as key factors for its strategic value in digital finance. - Dogecoin's price rose 4.5% and Bit Origin's shares surged over 80% as markets reacted positively to the initiative and potential SEC ETF approvals. - The move highlights shift

ainvest2025/08/30 04:03
Dogecoin News Today: Dogecoin's Meme Legacy Meets Corporate Finance in $500M Treasury Push

The Fed’s Legal and Political Uncertainty: Implications for Currency and Commodity Markets

- Trump administration's attempts to politicize the Fed, including term-limit proposals and Lisa Cook's removal, trigger legal battles and global confidence erosion. - Gold surges to $3,413 as central banks diversify reserves away from the dollar, now accounting for 23% of global holdings amid declining dollar dominance. - Cryptocurrencies gain traction as inflation hedges, with 60-70% of institutional crypto portfolios allocated to Bitcoin and Ethereum due to Fed politicization. - Dollar's foreign exchang

ainvest2025/08/30 04:00
The Fed’s Legal and Political Uncertainty: Implications for Currency and Commodity Markets

Ethereum’s Strategic Reorganization and UX-Driven Scaling as a Catalyst for Long-Term Value

- Ethereum restructured leadership in 2025 with a dual model (Shia Wang/Tomasz Stańczak) to balance technical expertise and decentralization, aligning with institutional governance demands. - The Pectra upgrade introduced 11 EIPs, including blob capacity expansion and validator stake flexibility, enhancing scalability while reducing fees by 37% in ETH terms. - Institutional adoption surged post-CLARITY Act, with $33B ETF inflows and 2.7M ETH ($10.1B) in diversified portfolios, leveraging Ethereum's staking

ainvest2025/08/30 04:00
Ethereum’s Strategic Reorganization and UX-Driven Scaling as a Catalyst for Long-Term Value