Ethereum transactions hit a record high: Is a new ATH in sight this August?
Ethereum faces August headwinds, but on-chain metrics sparks hope.
Ethereum’s daily transactions have surpassed even the peak levels seen during the 2021 bull run. Is ETH eyeing a new all-time high this month?
On the technical front, Ethereum [ETH] is showing strength. It has bounced nearly 8% this week, reclaiming over 80% of last week’s pullback after tagging that $3,941 local high.
Structurally, the recent 10% dip triggered a $10 billion Open Interest flush, with over $1 billion in realized profits. A classic shakeout: Leverage cleared, weak hands out, and price rotated back into range.
Now Ethereum enters its historically weak August zone. But with 2025 breaking trend structure, can ETH keep defying mainstream expectations and push into price discovery.
#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Do you think TREE is promising? #Do you think Tanssi is promising?
Все комментарии0НовыеВ тренде