Ethereum Transaction Activity Surges as Analysts Predict Breakout Toward $10K

Ethereum’s network is recording its highest transaction count since 2023, with over 1.5 million confirmed daily interactions, based on recent CryptoQuant data. The increase suggests mounting activity amid growing investor interest. At the same time, ETH trades at $2,427 with a 24-hour volume of $11.74 billion and a market cap of $293.07 billion, showing steady traction in the face of market volatility.

Analysts Eye Wyckoff Breakout Toward $3,200 and Beyond

Crypto analyst Mikybull tweeted that Ethereum recently completed the Wyckoff reaccumulation test successfully. Chart-based technical analysis indicates that a consolidation or correction period is completed and a breakout trend may ensue. He identified the range of $3,200 as a potential breakout point and stressed the possibility of a bull run ahead.