Ethereum's price potential for 2025 is bolstered by robust on-chain metrics, with total value locked (TVL) rising 5% to $90 billion and staking levels nearing all-time highs at 36.19 million ETH. Institutional interest is evident with SharpLink's $78.3 million ETH purchase, contributing to Ethereum's 13.2% dominance increase as Bitcoin's influence wanes. Additionally, the stablecoin supply has exceeded $162 billion, and over 160,000 ETH has been staked since October, reducing liquid supply and indicating strong long-term investor confidence.