Ethereum’s network activity has surged to unprecedented levels, with daily transactions reaching an all-time high of approximately 1.875 million. This parabolic rise in on-chain activity reflects heightened user engagement and growing demand for block space.
On the price chart, ETH is now testing the critical resistance zone just below its historical all-time high (~$4,750). This is a confluence point — price is approaching a major supply area, while network fundamentals show peak activity.
Key points to watch:
A breakout above $4,750 with sustained transaction momentum could ignite a price discovery phase.
If sellers defend the ATH zone, short-term consolidation or a pullback toward $3,950 support is likely.
On-chain highs combined with price stagnation could indicate network overextension, warranting caution.
In summary, Ethereum is sitting at a junction where record network usage meets historical price resistance — the next few sessions could determine whether we see a decisive breakout or a rejection.
On the price chart, ETH is now testing the critical resistance zone just below its historical all-time high (~$4,750). This is a confluence point — price is approaching a major supply area, while network fundamentals show peak activity.
Key points to watch:
A breakout above $4,750 with sustained transaction momentum could ignite a price discovery phase.
If sellers defend the ATH zone, short-term consolidation or a pullback toward $3,950 support is likely.
On-chain highs combined with price stagnation could indicate network overextension, warranting caution.
In summary, Ethereum is sitting at a junction where record network usage meets historical price resistance — the next few sessions could determine whether we see a decisive breakout or a rejection.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.