Jan 18, 2026
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Ethereum Daily Transactions Hit Record High, Indicating Strong Network Usage
Ethereum Shows Strength Across Key Metrics
- Ethereum's on-chain activity is at record levels, with daily transactions reaching approximately 2.8 million, a 64% increase over the 2021 peak.
- This surge indicates robust network usage beyond speculative activities, driven by decentralized finance and stablecoin settlements.
Ethereum Daily Transactions Chart. Source: @SentoraHQ On X
Technical Indicators Favor Ethereum's Uptrend
- Ethereum is in a reaccumulation phase within a macro uptrend, maintaining its market cap above the 21 EMA on a three-week timeframe.
- Historical patterns show expansion phases when Ethereum remains above the 21 EMA, while dips below indicate potential bear markets.
- Current technical analysis suggests a 70% to 75% probability of bullish continuation if overhead resistance is cleared.
- A potential bearish correction of 25% to 30% could occur if the price falls below the 21 EMA, though this is less likely.
