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Ethereum's network activity grows despite 36% price drop in 2026, signaling strong fundamentals and investor confidence.

Protocol Fundamentals
24 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

In 2026, Ethereum's price fell about 62% from its 2025 peak, dropping to $1,888 and down 36% year-to-date amid a market downturn. However, Ethereum's network fundamentals remain strong, with daily transactions exceeding 2.5 million—much higher than last year and even its 2025 peak. Total value locked (TVL) in the network rose by $4.92 billion since July, reflecting growing investor capital and optimism. Validator activity also shows confidence, with near-zero exit queues and increased token commitments, suggesting long-term bullish sentiment. These trends point to Ethereum's potential to outperform in the next market cycle over the coming two to three years.

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