Ethereum Nears All-Time High as Network Activity Hits Record 1.87M Daily Transactions

3 hours ago

Ethereum has posted important gains implicit the past week, rising 29% and approaching its all-time precocious adjacent $4,800 acceptable successful 2021. At the clip of writing, ETH trades astatine $4,662, putting it wrong scope of the $4,750–$4,800 resistance zone that has historically marked a cardinal proviso country for the market.

This terms determination coincides with unprecedented network activity and notable on-chain flows that analysts accidental could power the short-term terms direction.

Ethereum Record Network Activity Meets Price Resistance

Data from CryptoQuant contributor CryptoOnchain shows that regular Ethereum transactions person reached a grounds precocious of astir 1.875 million. This surge successful enactment signals elevated request for artifact abstraction and heightened engagement crossed the network.

The confluence of beardown on-chain metrics with a captious terms level creates a method and cardinal intersection that could find Ethereum’s adjacent move. According to CryptoOnchain, Ethereum’s existent presumption represents a determination point.

A breakout supra $4,750, accompanied by sustained transaction volume, could propel ETH into a terms find phase, perchance surpassing its humanities peak. Conversely, if sellers support this level, a consolidation signifier oregon a retracement toward the $3,950 enactment country is possible.

The expert besides cautioned that portion highest web enactment often accompanies bullish terms action, it tin besides awesome a near-term overheating of the market. In specified cases, adjacent with beardown fundamentals, prices whitethorn intermission oregon retrace arsenic participants set their positions.

This dynamic is peculiarly applicable arsenic Ethereum tests a historically important absorption portion portion web usage is astatine an all-time high.

Exchange Outflows Suggest Continued Buying Pressure

In a abstracted analysis, different CryptoQuant analyst, Burak Kesmeci, examined Ethereum’s nett travel information crossed each exchanges. Using the 30-day elemental moving mean (SMA30), Kesmeci recovered that ETH nett flows stay successful powerfully antagonistic territory, astatine astir –40,000 ETH arsenic of August 12, 2025.

Ethereum netflow information connected each exchanges.

This represents an mean regular outflow of 40,000 ETH implicit the past month, a inclination that has coincided with the asset’s caller terms increase.

Negative nett flows bespeak that much ETH is leaving exchanges than entering, often interpreted arsenic a motion of reduced contiguous selling unit and accrued holding behavior.

Kesmeci linked the caller outflow spot to spot ETH ETF activity, suggesting that organization request has been a major origin supporting prices.

He noted that arsenic agelong arsenic the SMA30 stays successful antagonistic territory, the upward inclination is apt to continue. A displacement into affirmative territory, however, could awesome a alteration successful marketplace sentiment and perchance weaken buying momentum.

With some grounds transaction counts and sustained speech outflows, Ethereum is facing a marketplace situation shaped by beardown usage fundamentals and significant organization interest.

Whether these factors volition beryllium capable to propel ETH done its long-standing terms ceiling volition apt beryllium determined successful the coming sessions, arsenic traders ticker for either a confirmed breakout oregon signs of rejection astatine the $4,750 level.