The Ethereum Transaction Count chart shows that Ethereum’s daily transaction count (pink line) has recently reached a fresh all-time high (ATH) of around 1,870,000 transactions per day. This sharp increase, especially in recent months, signals a notable surge in network usage and overall on-chain activity.
Price vs. Fundamentals:
Despite this historic growth in network activity and strong on-chain fundamentals, Ethereum’s price (orange line) continues to trade below its previous major highs, struggling to break above key resistance levels. This divergence may imply an ongoing accumulation phase, with the market potentially gearing up for a new bullish breakout.
Written by CryptoOnchain