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Ethereum Price Prediction: ETH Buyers Back as Stablecoin Supply Hit $180 Billion Record
Ethereum Price Prediction: ETH Buyers Back as Stablecoin Supply Hit $180 Billion Record
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David Pokima
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Jun 2023
About Author
David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.
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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ethereum buyers are back while the price rallies with 7% gain. But not just the Ethereum price; stablecoins are also posting record-breaking milestones, signaling structural demand.
Ethereum’s on-chain stablecoin supply hit a fresh all-time high of $180 billion, a 150% surge from $72 billion just three years ago. That eclipses the prior peak of $166 billion set in September 2025, an 8.4% jump in seven months achieved despite persistently bearish broader sentiment.
Ethereum commands 60% dominance of global stablecoin supply, ahead of Tron and Solana, driven by USDT at almost 50%. Analyst projects total on-chain stablecoin flows reaching $1.7 trillion by 2030, with Ethereum capturing roughly $850 billion at a 50% market share assumption.
Stablecoins Market Cap, Defillama
That projection reframes the ETH price conversation entirely, from short-term chart patterns to long-term settlement layer dominance. Upcoming scalability upgrades and ETF-related catalysts are amplifying the setup heading into Q2.
Is today a genuine inflection point? Or just another head-fake in a bruising market cycle?
Discover: The best pre-launch token sales
Ethereum Price to Break $2,400 Resistance
ETH’s 7% single-day recovery carries weight given the context; $100 million in short liquidations were flushed in the move toward $2,120 before price extended higher, establishing a post-liquidation base that analysts now treat as near-term support.
ETH Liquidation Data, CoinGlass
For ETH, Resistance clusters at $2,400, a zone coinciding with prior peaks. Volume, however, remains a sticking point. The bounce has been directionally clean but lacks the aggressive follow-through that would confirm institutional accumulation rather than short covering.
ETH USD, Tradingview
Market sentiment is also fragile, with geopolitical risk capable of disrupting any recovery at any moment.
The stablecoin data builds a compelling structural floor. The price chart, though, still demands confirmation.
Discover: The best crypto to diversify your portfolio with
Maxi Doge Targets Early Mover Upside as Ethereum Breaking Records
ETH at $2,250 and 7% day gain is genuinely strong. But capturing more than 100% from a $270 billion market cap asset requires either exceptional patience or outsized conviction. Liquidity is rotating across the crypto stack, and early-stage plays on Ethereum’s own rails are drawing attention from traders hunting asymmetric setups.
Maxi Doge ($MAXI) is one such project currently in presale, an ERC-20 meme token built around what it describes as the “1000x leverage trading mentality,” embodied by a 240-lb canine juggernaut.
The presale has raised more than $4.7 million at a current price of $0.00028, with **66% staking APY **available to early participants. Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and meme-first viral marketing built around the tagline: Never skip leg-day, never skip a pump.
Research Maxi Doge and join the gang.
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