The current market uncertainty is producing unexpected results, as Ethereum is gaining significant momentum despite being down 55% from its previous all-time high (ATH). Ethereum is adapting into a phenomenon with three major reasons hyping the asset up, making it more popular and central than Bitcoin’s at present. What is up with Ethereum these days, and why is it gaining central attention? Let’s find out.

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Ethereum: 3 Bullish Reasons

According to Leon Waidmann, head of research at Lisk, Ethereum’s mainnet has hit a record transaction of 3.62M. What’s more striking is the fact that this number was achieved in a single day, making ETH a significant market player right now. ETH daily transactions have been trending since November 2025, with Waidmann outlining how Ethereum’s L1 activity is gaining supreme popularity steadily.

“3.62M transactions in a single day. First time ever above 3.0M. Daily transactions have been trending up since November 2025. Baseline shifted from ~1.5M to ~2.5M over 6 months. A new ATH is set for April 12, 2026. Combine the above data with the 284k new users in Q1 and the record stablecoin supply, and the picture is clear. Ethereum L1 activity is not slowing down. It is growing steadily.”

In addition to this, notable crypto analyst Crypto Patel has also tweeted a similar bullish setup for ETH. The expert noted how ETH is currently projecting a rainbow pattern, which, if manifested the right way, may end up improving ETH price prospects for the better.

Lastly, per Ash Crypto, another renowned crypto expert, ETH’s weekly MACD bullish cross has been confirmed, hinting at a possible ETH surge.

Tom Lee’s ETH Prediction Stays Consistent Despite Market Uncertainty

FundStrat’s Tom Lee has remained loyal to his ETH prediction, claiming that despite the ongoing market turmoil, ETH is bound to hit as high as $60K in the future.

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