Ethher (Eth), Ethereum Cryptocurrency, is above $3,500 citation and is expected to break 4,000 in the coming days. The price of ether is only 33% of its historic maximum, leaving the crumbs behind to lead other cryptocurrencies into AltSeason. However, this altseason displays different characteristics and has different time series expressions.
Ether Atizo is the owner’s mood, but total income (Chain revenue) Theoretically, this shows the number of worries of the Ethereum Show months after the big bullish run for this cryptocurrency began. If the agency’s acquisition of Ether does not compensate for the lack of network use, Ethereum should twist some numbers in a very short time if they want to offer an AltSeason show.
Chain revenueAccording to Defilama, “a subset of the rates a protocol collects on its own and is generally distributed between the Protocol Treasury, teams, or token owners,” in a nutshell, This is the part where you get the Portocor at the rate paid in the chain.
The second quarter of 2021 shows surprising fee profits at Ethereum. In November of that year, the network entered a rate of $1.61 billion. The numbers were consistently good, even at the peak from August 2021 to May 2022. Ethereum is only 4 months old In theory, it’s from the month where Altseason shows its ACME.
What did these high revenue mean in the network? Well, people were using Ethereum. Sending and receiving remittances to interact with intelligent contracts. Join games such as Axie Infinity, buy and sell NFTs, and invest in emerging projects. In November 2021, cumulative measures for these operations They left the etheric monona of the committee in the networkreflects the activity that was bullied during the event.
This massive activity on the network helped the price of ether, even if it was not the only factor in uploading prices. Users had to store ETH in their wallets to pay for chain actions. If they didn’t have ETH, they would buy more to fund them. The joint actions of over 10 million active addresses during previous AltSeason contributed little to moving the price of ether from 600 to $4,000 over the 10-month range of 2021.
To understand the present, let’s send it again to the first graph. he Chain revenue Defilama’s Ethereum does not show network benefits in July 2021, but these are assumed to be the same as the month of August of that year: around 450 million.
Well, the appearance of Chain revenue In June 2025, they were $19 million, and this July is heading towards similar numbers. Here it is, Ethereum’s profits aren’t even close to the level of the previous Alto season. This means that in the same month in July, but three years later, at a similar cycle stage, many people still taking part in ETH have not even spent half of their transactions at that point using their applications, games and debt. Although Ethereum still has activity, the protocol will not receive the room of profits it earned in 2021.
Ethereum L2 with Arbitrum, bass, optimism and more. Revenue Within the main network, they do not provide sufficient benefits to entrust the etherian ecosystem. According to data from Defillama, Arbitrum generated $700,000 in profits the past 30 days on July 18th. The base was $4 million at the same time, optimism was $214,000, and Ethereum was $19 million in June. These numbers are too long to reach 1.61 billion in November 2021, so if you want an AltSeason equivalent to that year, Ethereum should fix these metrics immediately.
As reported by Cryptoics, this low-chain activity fits the analysis That this cycle of Ethereum does not adopt a dominant narrative; You can mobilize people to participate in the market. Several stories from these past two years are pregnant with Solana, memokine, and real-world tokenized assets, and are early suggestions in almost every network. In this Cycle Heights ETH TREASURERIES, it appears that only the stories are stored online.
The lack of a dominant narrative that will boost Ethereum’s profits leads to thinking that ether prices are more dominant, at least for now The alto season is coming due to the belief in the nature of self-identification.without the user deriving the usefulness of certain technological advances within the network.
Dragged by speculation, users are buying ether and raising prices. Because that’s what they think they need the moment. Yes, certainly More and more institutions believe in Ethereum and its foundations; And, as Crypto reported, they demonstrate it in the creation of the Etheric Ministry of Finance (ETH).
It is these entities that can save the Alto Season for Ethereum, as current estimates do not believe it is active. On-chain He can itself catalyze the key growth of cryptocurrency prices.
Of course, Altseason Cycles doesn’t have to follow a perfect chronological program. For example, this altcoin season can be “run to the right”. In other words, I’ll manage it a little later than before. Or perhaps the price of ETH does not involve risk of fraud as it states that an overly fixed model is given an AltSeason for 9 months every four years, which could result in loss of effectiveness.
However, analysis can only stick to known models until one or more exception models force them to modify or create a new model.
