While most investors in the market are skeptical of bulls and increases in the short term, a silent structural change is taking place behind the scenes, and this change is taking shape around Ethereum (ETH).
At this point, analysis firm 10X Research said in its latest analysis that Ethereum may be signaling a major breakout.
According to 10x Research, increasing stablecoin inflows and staking activity signal a significant structural shift that could shape Ethereum’s next major move towards 2026.
In its latest report titled “Is This the First Chapter of the 2026 DeFi Cycle?”, 10X Research said that the world of decentralized finance (DeFi) is currently quietly preparing for its next major growth phase.
At this point, the analyst firm predicted that a DeFi cycle could begin in 2026, as a large amount of stablecoins have flowed into the Ethereum network. However, this influx has still not been reflected in altcoin prices.
“Billions of dollars worth of stablecoins are being moved to the Ethereum network as regulatory clarity is achieved in the US.
While this move heralds a full-scale cycle, prices in the DeFi sector have yet to react.
Because this stage is the capital accumulation stage. In other words, it indicates the pre-investment preparation period.”
10x Research added that structural indicators such as TVL (total value locked) and user-based trading volume are clearly giving bullish signals.
*This is not investment advice.
