Ethereum Network Activity Hits All-Time High as Price Lags Far Behind
Ethereum (ETH) recorded its highest stage of on-chain utilization on December 24, 2025, even as its worth hovered close to $3,000 and struggled to regain latest highs.
The cut up between file community demand and muted worth motion has sharpened debate round whether or not Ethereum’s fundamentals are strengthening quietly whereas short-term market situations maintain costs restrained.
Record Transactions Highlight Growing Ethereum Usage
Data shared by CryptoOnchain confirmed Ethereum’s seven-day common transaction depend climbing to a brand new peak of about 1.73 million, the best stage within the community’s historical past. At the identical time, ETH was buying and selling round $2,950, nicely beneath its 2021 and 2025 highs, highlighting a transparent hole between utilization and valuation.
The analyst attributed the soar in exercise to a mixture of Layer-2 networks settling transactions on Ethereum, rising DeFi exercise, and regular stablecoin transfers. Unlike earlier cycles, this progress has occurred with out sharp charge spikes, suggesting the community is dealing with heavier demand extra effectively.
Broader on-chain knowledge from late December helps that view. As CryptoPotato reported beforehand, giant ETH holders have continued adding to positions, with wallets holding between 10,000 and 100,000 ETH growing their mixed balances to over 21 million cash. At the identical time, change reserves have fallen by greater than 4 million ETH over the previous yr, pointing to decreased liquid provide.
However, not all short-term indicators are supportive, with market updates shared by analyst Amr Taha on December 25 displaying round $1.4 billion value of ETH flowing into main exchanges such as Kraken and Binance over a 48-hour interval. These deposits adopted heavy USDT withdrawals from centralized platforms, a combination that always seems in periods of promoting or defensive positioning.
Price Stalls Near $3,000 as Liquidity Pressures Build
Meanwhile, on the market, ETH was buying and selling at just below $3,000 on the time of this writing, up lower than 1% within the final 24 hours and reasonably flat over the previous seven days. The change in worth is extra pronounced throughout longer timeframes, with the token down almost 9% over two weeks and about 14% previously yr.
Trading knowledge reveals ETH shifting inside a decent vary between $2,900 and $3,000, with volatility decrease than earlier within the quarter. However, analysts are nonetheless watching the $3,100 space, a stage that has capped advances a number of occasions lately. According to them, a sustained transfer above that zone may reopen larger targets, whereas failure to carry present assist will maintain draw back dangers in focus.
Despite the near-term strain, Ethereum’s rising transaction load carries longer-term implications. More community utilization means larger ETH burn by EIP-1559, progressively decreasing provide progress. And with Ethereum nonetheless internet hosting most DeFi worth and stablecoin issuance, the mismatch between community demand and worth has develop into more durable for traders to disregard.
For now, the world’s second-largest cryptocurrency by market cap sits at an uneasy stability level: sturdy fundamentals beneath the floor, however liquidity situations and change flows nonetheless shaping worth route within the weeks forward.
The submit Ethereum Network Activity Hits All-Time High as Price Lags Far Behind appeared first on CryptoPotato.
