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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Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
ETH.X's RSI Oscillator leaves overbought zone
The 10-day RSI Indicator for ETH.X moved out of overbought territory on August 30, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 instances where the indicator moved out of the overbought zone. In 19 of the 39 cases the stock moved lower in the days that followed. This puts the odds of a move down at 49%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 33 of 82 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 40%.
The Moving Average Convergence Divergence Histogram (MACD) for ETH.X turned negative on September 01, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 66 similar instances when the indicator turned negative. In 28 of the 66 cases the stock turned lower in the days that followed. This puts the odds of success at 42%.
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ETH.X broke above its upper Bollinger Band on August 19, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 11, 2026. You may want to consider a long position or call options on ETH.X as a result. In 61 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 47%.
The 50-day moving average for ETH.X moved above the 200-day moving average on August 31, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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