ETH is down, but developers are still building Ethereum’s future – Here’s why

Ethereum’s [$ETH] price is a topic of concern right now. However, developers continue to build on the network, even in times of weakness.

However, it is critical that confidence in Ethereum is not just from investors, but also from the people creating its future.

Ethereum developer growth has held up over the years

While $ETH’s price has seen some dark days in recent times, it seems builders aren’t giving up just yet.

New developers rose from about 30K in 2016 to nearly 140K in 2025. This growth did not stop during weak market years either. In fact, in 2018, $ETH fell 82% and yet, around 77K new developers joined.

In 2022, when $ETH fell by 68%, new developer additions were near 139K – One of the strongest years on the chart! Even in 2025, with $ETH down 11%, new developers remained close to 140K.

Builders have kept choosing the network, even when the market did not always reward it.

The network keeps moving too!

As $ETH’s price moved through ups and downs, Ethereum’s block production became more stable over time. Since around 2023, blocks mined have stayed close to the 7K-range, even as the price struggled to hold higher levels.

This means Ethereum’s base activity did not simply fade when sentiment was down low.

Here, price is a quick indicator of investor mood. However, consistent block production also means a network that functions and processes activity for long.

$ETH needs better buying…

Worth pointing out though that the short-term chart may be proof of why traders are still nervous.

$ETH has come out of its early-June weakness, but it’s not been convincing enough. It was trading near $1,772 at the time of writing, close to the $1,800-zone where sellers stepped in.

The RSI was close to 43, meaning pace had improved somewhat from oversold levels. However, it didn’t seem strong enough yet.

The CMF was negative too, implying that money flow hadn’t turned bullish either.

Simply put, while the platform looks secure in the long-term, buyers need to show up now for token’s price to go up.

Final Summary

• Ethereum developer growth was close to 140K in 2025, proving that builders are still backing the network.
• $ETH’s price needs a stronger move above $1,800.