Ethereum Deploys Record 8.7M Contracts in Q4 2025

Ether (ETH), Ethereums native token, is currently trading at $2,980, inside a multi-year key support and resistance (S/R) level that goes from $2,800 to $3,000.

Breaking above this resistance could drive prices to ETHs $4,957 all-time high, while breaking below it could make Ethereum test a lower support at around $2,500.

Ethereum (Ether, ETH) 1D price chart, as of Dec. 30, 2025 | Source: TradingView

Interestingly, ETH reached a significant local bottom at $1,385 in April 2025, two quarters after the record low Q4 2025 for deployed contracts, suggesting price could lag on contract activity.

Whether there is a real correlation or not, fewer contracts deployed indicate lower interest in the network overall, with could translate to fewer users and a smaller market demand for the token, while the opposite can be true.

As more infrastructure, applications, tools, and on-chain interactions grow on the network, developer activity rises through new contracts being deployed.

This can attract more users and increase demand for ETH to pay gas fees and secure the network through staking.

Despite the currently poor price action, other metrics are aligning to the contract deployments growth seen above.

Stablecoins are consistently making new market cap highs and analysts believe ETH could reach $8,500 under the right conditions.

Ethereum‘s ecosystem is maturing through governance discussions like the approved UNIfication for Uniswap and the refused AAVE’s token alignment proposal with record participation from holders.