Ethereum’s stablecoin engine hits $6T in Q4 – Is ETH breakout next?

With activity running smoother than ever and capital flowing through its pipes at record speed, the network is getting harder to ignore. Even traditional payment giants might want to keep an eye on whats unfolding.

Heres why the change this time feels different.

A time of strength

Source: X

Ethereum [ETH] is breaking out through usage. Daily Stablecoin Transfer Volume has surged past $85 billion, far ahead of every other chain on the chart.

Source: X

This jump is part of a bigger trend: Median Transaction Fees on Ethereum have dropped to near-zero levels, even as Stablecoin Supply on the network climbed above $180 billion. Low costs plus rising liquidity have pushed capital velocity on Ethereum to an all-time high, especially in low-risk DeFi.

The real breakthrough

In Q4 alone, the network has already cleared nearly $6 trillion in Stablecoin Transfer Volume – and the quarter isnt even over!

The chart showed this comfortably surpassed Q3s total and put Ethereum ahead of traditional giants like Visa and Mastercard in sheer settlement value.

Source: X

The consistency is commendable: after staying between $1-2 trillion per quarter through early 2023, Volume has climbed through 2024 and exploded in 2025.

Big implications – people now trust Ethereum to move money at scale.

What the charts say right now

ETH had been stabilizing as of press time. The token traded around $3,030, holding steady after a brief push toward $3,150.

The RSI was at 45, keeping the asset in neutral territory.

Source: TradingView

The MACD was negative at the time of writing, with the histogram still below zero – bullish strength hasnt fully returned yet. At the same time, the CMF at 0.10 meant mild buying pressure was coming back into the market.

ETH looks firmly in a consolidation zone, building enough support to make the next move count.