Ethereum transactions hit a record high: Is a new ATH in sight this August?
Key Takeaways
Ethereum’s day by day transactions have surpassed even the height ranges seen in the course of the 2021 bull run. Is ETH eyeing a brand new all-time excessive this month?
On the technical entrance, Ethereum [ETH] is exhibiting energy. It has bounced practically 8% this week, reclaiming over 80% of final week’s pullback after tagging that $3,941 native excessive.
Structurally, the current 10% dip triggered a $10 billion Open Curiosity flush, with over $1 billion in realized income. A traditional shakeout: Leverage cleared, weak arms out, and worth rotated again into vary.
Now Ethereum enters its traditionally weak August zone. However with 2025 breaking pattern construction, can ETH preserve defying mainstream expectations and push into worth discovery?
August weak point meets 2025 energy
Traditionally, Ethereum’s August performance has been bearish, with 60% of the previous decade closing detrimental. However 2025 is bucking that pattern.
July, usually a crimson month, flipped bullish, whereas Q1’s robust begin gave option to a multi-year low at $1,440. This worth motion underscores how Ethereum is decoupling from its ordinary seasonal cycles this 12 months.
Institutional positioning reinforces this. Company Ethereum holdings shot up about 127.7% in July to over 2.7 million ETH, now making up practically half of all ETF-held ETH as 24 new companies added publicity.
Supply: The Block
What’s extra, this influx powered a 50% rally, positioning Ethereum as a high large-cap performer and marking July as a report month for institutional treasury accumulation.
Briefly, ETH’s July breakout was a validated structural shift, not a fluke.
Now, with Ethereum rebounding 8% off the $3.9K ceiling this week, August’s typical draw back bias is in query. May this be the primary actual signal of a month-to-month pattern reversal taking form?
Ethereum throughput hits all-time excessive
Layered onto Ethereum’s potential August breakout is a spike in on-chain throughput.
ETH’s day by day transactions (7DMA) hit an all-time excessive of 1.74 million on the fifth of August, surpassing even the height ranges of the 2021 bull cycle.
In truth, July additionally recorded the very best month-to-month transaction count ever at 46.67 million, whereas energetic addresses surged to 683,520, reflecting robust DeFi rotation, and rising institutional deployment on-chain.
Supply: The Block
Taken collectively, Ethereum’s on-chain and worth motion are syncing up.
ETH’s reclaim of vary highs, transaction volumes breaking data, and company ETH holdings exploding, all level to a shift in momentum. August, normally a massacre, is perhaps getting a rewrite.
So, is an all-time excessive subsequent? Ethereum’s simply 22% off its peak. July ripped +48% off a clear reset.
With on-chain exercise ripping, August could also be primed for a continuation breakout into worth discovery.
