Ethereum Co-Creator Says Focus Should be on Adoption, Not Price
December 2017 was an exciting time for cryptocurrencies. Values were soaring to the stratosphere; mainstream coverage had increased substantially; overall interest had never been higher. But after reaching an all-time peak in January 2018, the market has since corrected itself. According to crypto news site CCN, Ethereum has lost 92 percent of its value since its January 13th zenith – a drop almost as extreme as its climb.
While some investors have understandably cooled on crypto in the wake of such wild price swings, key figures have cautioned that a price-centric focus paints an incomplete picture of Ethereum’s health. In fact, Joseph Lubin, Ethereum co-creator and founder of decentralized-software studio ConsenSys, believes that in many ways, things have never been better.
Lubin views blockchain as “a movement,” not a market – and a growing one at that. “Market cap doesn’t reflect activity…10 billion daily API requests served by Infura. 1 million Truffle downloads. 1 million MetaMask downloads. 12,000 live Ethereum nodes. 48 million unique Ethereum addresses. 3 times LinkedIn blockchain job openings,” he said.
By those metrics, he’s right. 2018 has seen exponential growth throughout Ethereum’s infrastructure. Truffle, the “most popular development framework for Ethereum” according to its website, has been downloaded over 1 million times. Infura, an API and set of developer tools providing “secure, reliable, and scalable access to Ethereum and IPFS,” exceeded 10 billion requests. And MetaMask, a tool that allows users “to run Ethereum dApps right in your browser without running a full Ethereum node,” launched their first mobile client this year.
Other reports of Ethereum’s demise were found to be exaggerated. HASH CIB, a crypto- and digital-asset focused investment firm, issued a recent report indicating that ICOs had not sold off as large an amount of ether holdings as initially thought. Marat Garafutdinov, analyst and author of the report, said data indicated that “…ICO projects reacted to the market conditions, rather than dictated them.” “The treasuries currently still hold a minimum of 3.4% of the total ethereum supply,” elaborated Garafutdinov. “Our findings have been confirmed by separate researchers. And contradicted by some – most probably, due to reporters equaling all of the ETH moved to ETH directly sold.”
Ethereum’s expanding user base and improving infrastructure stands in stark contrast to its price performance. To Lubin, that means the seeds have been planted for continued long-term growth. Market bubbles are nothing new in crypto. Independent of value fluctuations, the robust, growing ecosystem around Ethereum’s foundational pieces has never been stronger.
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ETH.X sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for ETH.X moved above the 200-day moving average on July 01, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ETH.X's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 30, 2025. You may want to consider a long position or call options on ETH.X as a result. In of 119 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ETH.X just turned positive on July 02, 2025. Looking at past instances where ETH.X's MACD turned positive, the stock continued to rise in of 71 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in of 448 cases, the price rose further within the following month. The odds of a continued upward trend are .
ETH.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 449 cases where ETH.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 87 cases where ETH.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
ETH.X moved below its 50-day moving average on July 04, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on June 22, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 23 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETH.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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