Ethereum Daily Transactions Break 4-Year Range above 1.6 Million

Ethereum (ETH) has broken through a major ￰0￱ four years, daily transactions on the network held within a span of 900,000 to 1.2 million. However, the range is finally broken as the protocol now records 1.6 million to 1.7 million daily ￰1￱ steady rise shows that Ethereum’s usage is expanding despite market chaos, with data from Etherscan confirming the same upward flow and showing sustained transaction heights that now surpass previous ￰2￱ Spikes as Ethereum Leads DeFi Momentum CryptoQuant analyst Darkfost measured the activity using a 14-day simple moving average to account for normal volatility, with the recent jump to 1.6-1.7 million marking a major departure from this long-standing ￰3￱ related the surge to the pressure of decentralized finance (DeFi) growth , with Ethereum serving as both a liquidity support, a lending platform, and a stablecoin ￰4￱ rapid expansion in on-chain activity also demonstrates a documented correlation with the price of ETH, providing a fundamental basis for its market ￰5￱ data shows that even during a period of negative sentiment in late March, the network was already processing a higher average of 1.2 million transactions per day, setting the stage for the current breakout.

Furthermore, IntoTheBlock previously indicated increasing gas consumption on the main chain as a signal of higher smart contract activity. Meanwhile, other reports also revealed that stablecoin flows on Ethereum have ￰6￱ represents a trend that directly supports the rising transaction ￰7￱ upswing is not just about token ￰8￱ from CryptoSlam show there’s been a surge in ETH-based NFT sales, with minting and rollup settlements contributing to the spike. Accumulation, Reserves, and Long-term Impact Ethereum’s network growth is happening at a time its native ETH token is showing quite ￰9￱ asset surged by double digits since the start of the week to over $4,400 at one ￰10￱ is also growing institutional interest, with a separate report indicating that digital asset treasury companies now hold a larger percentage of the total ETH supply (4%) than they do of Bitcoin (3%), suggesting a possible shift in preference among corporate balance ￰11￱ combination of strong on-chain activity and a successful price breakout above $4,000 has analysts charting ambitious paths ￰12￱ trader, Merlijn, described the world’s second-largest cryptocurrency’s long-term price structure as a “ladder,” with the recent move establishing a new base for future ￰13￱ analysis pointed to an ascending channel that projects potential targets at $6,500, $8,000, and even $10,000.

At the same time, other market watchers are keeping a close eye on key resistance ￰14￱ have identified the $4,350 zone as a significant barrier that, if overcome, could open the path toward $4,790.