Ethereum is showing signs of strength on two critical fronts at the same time. On-chain activity has climbed to record levels, reflecting heavier real usage across the network, while long-term technical structure is leaning towards upside continuation.
Together, these signals suggest that Ethereum’s current phase may be more than just sideways movement, as underlying data points to sustained demand and constructive price behavior.
Ethereum Daily Transactions Reach New High
Ethereum’s price action is turning bullish with a steady increase in recent days. Notably, on-chain data shows that this increase is on top of steady on-chain activity in recent days.
Data from Ethereum’s on-chain activity shows that daily transactions recently climbed to approximately 2.8 million, setting a new all-time high for the network. Interestingly, this figure stands out not just as a record, but because it is roughly 64% higher than the daily transaction levels observed during the peak of
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