Ethereum Network Activity Climbs as Charts Flag Inverse Head and Shoulders and Key Moving Average Test

Ethereum ecosystem transactions have risen sharply across multiple related networks, while technical charts highlight a possible weekly inverse head and shoulders structure and price trading near key moving averages. The asset now sits below its 50 day SMA and around its 200 day SMA, with RSI near neutral, indicating consolidation as traders watch for a potential breakout or renewed downside.