Ethereum Approaches All-Time High with 1.87 Million Daily Transactions

Ethereum has increased 29% over the past week, trading at $4,662 and nearing its all-time high of $4,800. This rise is supported by record network activity and significant on-chain flows.

Key Developments

Daily Ethereum transactions reached approximately 1.875 million, indicating heightened demand for block space.
A breakout above $4,750 with sustained transaction volume could lead ETH into a price discovery phase.
If sellers defend the $4,750 level, consolidation or a retracement towards $3,950 may occur.
Peak network activity can signal potential market overheating, causing prices to pause or adjust.

Exchange Outflows Analysis

Ethereum's net flows are strongly negative, averaging –40,000 ETH daily as of August 12, 2025.
This trend suggests reduced selling pressure and increased holding behavior among investors.
Recent outflows are linked to institutional demand, particularly from spot ETH ETF activity.
Sustained negative net flows indicate continued upward price momentum; a shift to positive could change sentiment.

Ethereum faces a complex market environment characterized by strong usage fundamentals and institutional interest. The next movements will depend on whether it can break through the $4,750 resistance level.