Ethereum Nears All-Time High as Network Activity | Crypto News
Ethereum has posted important positive aspects over the past week, rising 29% and approaching its all-time high close to $4,800 set in 2021. At the time of writing, ETH trades at $4,662, placing it within vary of the $4,750–$4,800 resistance zone that has traditionally marked a key provide space for the market.
This price transfer coincides with unprecedented community exercise and notable on-chain flows that analysts say might affect the short-term price direction.
Ethereum Record Network Activity Meets Price Resistance
Data from CryptoQuant contributor CryptoOnchain reveals that daily Ethereum transactions have reached a report high of roughly 1.875 million. This surge in exercise alerts elevated demand for block space and heightened engagement across the community.
The confluence of strong on-chain metrics with a crucial price stage creates a technical and basic intersection that might decide Ethereum’s next transfer. According to CryptoOnchain, Ethereum’s current place represents a choice level.
A breakout above $4,750, accompanied by sustained transaction quantity, might propel ETH into a price discovery section, doubtlessly surpassing its historic peak. Conversely, if sellers defend this stage, a consolidation section or a retracement toward the $3,950 help space is feasible.
The analyst also cautioned that while peak community exercise often accompanies bullish price motion, it could also signal a near-term overheating of the market. In such circumstances, even with strong fundamentals, costs could pause or retrace as contributors modify their positions.
This dynamic is especially related as Ethereum checks a traditionally important resistance zone while community usage is at an all-time high.
Exchange Outflows Suggest Continued Buying Pressure
In a separate analysis, another CryptoQuant analyst, Burak Kesmeci, examined Ethereum’s web stream data across all exchanges. Using the 30-day simple shifting average (SMA30), Kesmeci discovered that ETH web flows stay in strongly unfavourable territory, at around –40,000 ETH as of August 12, 2025.
This represents an average daily outflow of 40,000 ETH over the past month, a pattern that has coincided with the asset’s current price increase.
Negative web flows point out that more ETH is leaving exchanges than coming into, often interpreted as a signal of diminished fast promoting strain and elevated holding habits.
Kesmeci linked the current outflow strength to spot ETH ETF exercise, suggesting that institutional demand has been a major issue supporting costs.
He famous that as long as the SMA30 stays in unfavourable territory, the upward pattern is probably going to continue. A shift into constructive territory, however, might signal a change in market sentiment and doubtlessly weaken shopping for momentum.
With both report transaction counts and sustained exchange outflows, Ethereum is dealing with a market atmosphere formed by strong usage fundamentals and important institutional curiosity.
Whether these elements can be enough to propel ETH through its long-standing price ceiling will doubtless be decided in the approaching classes, as merchants watch for either a confirmed breakout or indicators of rejection at the $4,750 stage.
Featured image created with DALL-E, Chart from TradingView
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