#MarketGreedRising Record network activity of Ethereum faces price resistance

CryptoQuant contributor, CryptoOnchain reports 1.875 million Ethereum transactions per day, a record.

A technical and fundamental crossover of strong on-chain indicators and a key price level may determine the future moves of Ethereum.

A breakout above $4,750 with sustained trading volume could push ETH into a price discovery phase, potentially surpassing its all-time high. Sellers may consolidate or revert to the $3,950 level if they defend this level.

Experts also warn that high network activity may indicate market overheating, even if it follows positive price movement.$ETH