Ethereum’s network activity surges to 1.45 million daily transactions, matching 2021 highs and underscoring robust demand amid a critical price range.
Price action remains confined between $2,450 and $2,700, with traders closely monitoring resistance levels as momentum shows signs of weakening.
According to COINOTAG source CryptosBatman, the $2,450-$2,500 zone acts as a pivotal equilibrium area, serving as both support and resistance over recent months.
Ethereum’s daily transactions hit 1.45M, reinforcing strong network demand while price consolidates near $2,700 resistance amid mixed momentum signals.
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Ethereum’s daily transaction count has climbed to approximately 1.45 million, a figure not seen since the 2021 bull market peak. This resurgence in on-chain activity reflects increased engagement from decentralized finance (DeFi) applications and sustained user participation. The network’s ability to maintain such high throughput amid sideways price movement indicates a solid foundation of usage-driven demand rather than speculative spikes.
Ethereum’s price has been oscillating within a well-defined range, with the $2,450 to $2,500 zone repeatedly acting as a critical support and resistance level. As noted by COINOTAG contributor CryptosBatman, this “blue rectangle” has served as an equilibrium zone, providing a reliable base for rebounds. Despite a recent death cross on the stochastic oscillator, price action has demonstrated resilience by reclaiming the midpoint of this range, suggesting that the underlying bullish structure remains intact.
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Source: https://en.coinotag.com/ethereum-nears-2700-as-daily-transactions-approach-2021-highs-amid-range-bound-price-action/