Ethereum Surge Ahead: Why Standard Chartered Remains Bullish on ETH and Major Holders

2026-01-23 16:29:29

Source: CryptoNewsNet Original Title: Buying ether and Bitmine Immersion ahead of weekend a good bet: Standard Chartered Original Link: After a strong start to the year, it’s been a difficult week for ether and the rest of crypto, but analysts see reasons for remaining bullish.

Trading at $2,912 in U.S. morning hours Friday, ETH was lower by 12% week-over-week and now down 1.7% on a year-to-date basis. Major corporate holders have dipped nearly 9% for the week and are now down 10% year-to-date.

Analysts noted that Ethereum’s base network has seen a sharp uptick in activity in recent weeks, with transaction counts hitting fresh all-time highs, driven by a recent capacity boost from the December network upgrade.

The jump in usage marks a break from previous cycles where upgrades failed to move the needle on long-term network growth. Unlike past upgrades, the recent update appears to be easing prior bottlenecks, allowing more users and developers to push through transactions. This capacity shift sets the current wave of activity apart from previous rallies.

ETH-0,09%

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