Эксперт опроверг миф о «конце» Ethereum, предсказывая новый рост Translation: Expert debunks myth of Ethereums end, predicting new growth

The theory regarding the «demise» of Ethereum, which is based on its prolonged decline against Bitcoin, is unfounded, according to Michaël van de Poppe, the founder of MN Trading. He argues that the current trajectory of the asset mirrors the market pattern from 2019.

*“Since April 2025, the market has bottomed out, and we are already in the growth phase for Ethereum,”* wrote van de Poppe.

The ETH/BTC chart illustrates that after a minimum in April (0.017), the exchange rate recovered to 0.043 in August before retracting to 0.034 due to the market’s correction in October.

The analyst identified the surge in stablecoin volume within the Ethereum network as a key argument for potential growth.

Van de Poppe highlighted that the supply of stablecoins in the network has increased by over 65% throughout 2025. This figure has doubled since its peak in 2021.

According to DefiLlama, the total capitalization of stablecoins on the Ethereum blockchain has surpassed $164 billion. Tether’s USDT holds a dominant market share of 52%.

Statistics from Token Terminal also indicate significant adoption: within just one quarter at the end of 2025, the network processed transactions worth $8 trillion.

At the time of writing, the second-largest cryptocurrency by market cap is trading at $3118 (+0.3% over the past day).

It is worth noting that an analyst under the pseudonym CryptoOnchain claimed that weak institutional demand has deprived Ethereum of the opportunity for rapid growth.