Despite price corrections, Ethereum continues to show activity in the market. Let's review the latest data on prices, DApp activity, and institutional investments.
Price Dynamics and Market Conditions
Ether ([ETH](https://ethereum-price)) has held firm around $4,300 despite a 15% decline from the August 24 all-time high. The pullback came amid a broader cryptocurrency market correction, likely reflecting worsening macroeconomic conditions. However, several key on-chain indicators suggest ETH could break above $5,000 in the near term.
Surge in Ethereum and DApp Activity
Ethereum’s network activity also showed notable strength. A 30% weekly surge in fees allowed Ethereum to overtake Tron as the highest-grossing network. Including layer-2 activity, Ethereum’s total fees reached $16.3 million, more than double Solana’s $7.9 million. In August, Ethereum DApps generated $466 million in fees, a 36% increase from the previous month. Key contributors included Lido with $91.7 million, Uniswap with $91.2 million, and Aave with $82.9 million.
Institutional Investments and Corporate Adoption
Corporations have added 2 million ETH to reserves over the past 30 days, according to data from StrategicETHReserve.xyz. Companies such as Bitmine Immersion Tech, SharpLink Gaming, and The Ether Machine now hold a combined 4.71 million ETH, valued at more than $20.2 billion. Some of these companies are beginning to deploy capital into Ethereum-based DApps, which could strengthen ETH’s role within the decentralized applications ecosystem.
Despite cautious signals from derivatives markets, Ethereum’s rising network activity leaves ETH well-positioned to regain bullish momentum.
