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Ethereum Network Activity Hits Record 2.8 Million Daily Transactions As Uptrend Builds
Ethereum has recently seen its daily on-chain transactions climb to around 2.8 million, marking a new all-time high and coming in about 64% above the peak activity of the 2021 bull run. At the same time, technical analysis on the three-week chart suggests ETH remains in a macro uptrend, with its market capitalization holding above the 21 EMA and compressing under historical resistance. This combination of record network usage and constructive market structure points toward a higher probability of continued upside, while still leaving room for a potential deeper correction if key support fails.