Ethereum Price Prediction: On-chain stablecoin usage skyrocketed by 400% to break $580 billion, with the next target at $5,000. Despite a recent pullback in Ethereum, data from Token Terminal shows that its on-chain stablecoin usage surged by 400% in the past 30 days, reaching a historical high of $580.9 billion, with total transaction counts exceeding 12.5 million. On-chain data reveals that this round of stablecoin activity is primarily driven by whales, as large investors are buying low during the pullback to the $3,738 support level for ETH. This strong institutional adoption and capital inflow, coupled with a surge in CME futures open interest, has led analysts to widely predict that the price of Ethereum will eventually break the $5,000 mark. The explosive growth of on-chain activity for Ethereum: institutional adoption accelerates Ethereum's position as the core of the encryption ecosystem, with its stablecoin market capitalization exceeding $163 billion, proving its status as a mainstream settlement layer. The explosion in stablecoin usage over the past month, especially during market adjustments bsv#Gate2025年第三季度报告发布 $BTC .