Ethereum Nears All-Time High as Network Activity Hits Record 1.87M Daily Transactions
Ethereum has posted vital positive factors over the previous week, rising 29% and approaching its all-time excessive close to $4,800 set in 2021. On the time of writing, ETH trades at $4,662, placing it inside vary of the $4,750–$4,800 resistance zone that has traditionally marked a key provide space for the market.
This worth transfer coincides with unprecedented community exercise and notable on-chain flows that analysts say may affect the short-term worth path.
Associated Studying
Ethereum Document Community Exercise Meets Worth Resistance
Data from CryptoQuant contributor CryptoOnchain reveals that day by day Ethereum transactions have reached a file excessive of roughly 1.875 million. This surge in exercise alerts elevated demand for block area and heightened engagement throughout the community.
The confluence of robust on-chain metrics with a essential worth degree creates a technical and elementary intersection that would decide Ethereum’s subsequent transfer. In accordance with CryptoOnchain, Ethereum’s present place represents a call level.
A breakout above $4,750, accompanied by sustained transaction quantity, may propel ETH right into a worth discovery section, probably surpassing its historic peak. Conversely, if sellers defend this degree, a consolidation section or a retracement towards the $3,950 help space is feasible.
The analyst additionally cautioned that whereas peak community exercise typically accompanies bullish worth motion, it may well additionally sign a near-term overheating of the market. In such circumstances, even with robust fundamentals, costs could pause or retrace as individuals alter their positions.
This dynamic is especially related as Ethereum assessments a traditionally vital resistance zone whereas community utilization is at an all-time excessive.
Change Outflows Counsel Continued Shopping for Stress
In a separate analysis, one other CryptoQuant analyst, Burak Kesmeci, examined Ethereum’s internet stream information throughout all exchanges. Utilizing the 30-day easy transferring common (SMA30), Kesmeci discovered that ETH internet flows stay in strongly damaging territory, at round –40,000 ETH as of August 12, 2025.
This represents a mean day by day outflow of 40,000 ETH over the previous month, a pattern that has coincided with the asset’s latest worth improve.
Detrimental internet flows point out that extra ETH is leaving exchanges than getting into, typically interpreted as an indication of diminished rapid promoting strain and elevated holding conduct.
Kesmeci linked the latest outflow energy to identify ETH ETF exercise, suggesting that institutional demand has been a significant component supporting costs.
He famous that so long as the SMA30 stays in damaging territory, the upward pattern is prone to proceed. A shift into constructive territory, nonetheless, may sign a change in market sentiment and probably weaken shopping for momentum.
Associated Studying
With each file transaction counts and sustained trade outflows, Ethereum is dealing with a market atmosphere formed by robust utilization fundamentals and vital institutional curiosity.
Whether or not these components will likely be sufficient to propel ETH via its long-standing worth ceiling will doubtless be decided within the coming periods, as merchants look ahead to both a confirmed breakout or indicators of rejection on the $4,750 degree.
Featured picture created with DALL-E, Chart from TradingView
