Ethereum News Today: Ethereum Daily Transactions Hit 1.875 Million as ETH Approaches $4,750 Resistance

Ethereum’s on-chain activity has surged to unprecedented levels, with daily transactions hitting a record 1.875 million as of August 13, 2025, signaling robust demand for block space and active engagement across decentralized finance (DeFi), non-fungible tokens (NFTs), and token transfers [1]. This level of network usage marks a historic peak in Ethereum’s ecosystem, demonstrating strong user adoption and sustained interest in decentralized applications [1].

The surge in transactions coincides with the price of ETH approaching the $4,750 resistance level, a key psychological and technical threshold near its historical high. Analysts have noted that if the price can maintain above this level, it could initiate a new phase of price discovery, potentially pushing the token toward fresh highs. Conversely, a failure to break through might result in short-term consolidation, with potential support near $3,950 [1].

The alignment between on-chain activity and price levels underscores a clear relationship between Ethereum’s usage and market dynamics. Record network activity reflects strong engagement from both retail and institutional users, as observed by CryptoQuant analyst CryptoOnchain, who emphasized that Ethereum’s current utilization is unmatched in its history [1]. The platform noted that the parabolic rise in usage suggests that Ethereum is experiencing a surge in both transaction volume and value creation across its decentralized applications [1].

The increased transaction count also highlights Ethereum’s role beyond simple token transfers, with growing activity on DeFi and NFT platforms contributing to the overall network load. This diversification of use cases indicates a maturing ecosystem, where Ethereum is increasingly being used for more complex and value-driven interactions [1].

As Ethereum approaches a potential all-time high in price, market observers are closely monitoring both the sustainability of its transaction momentum and how the price reacts to the $4,750 resistance zone. The correlation between network activity and price behavior suggests that Ethereum is at a pivotal moment, where further gains could be supported by continued high demand for on-chain activity [1].

Source: [1] Ethereum Approaches All-Time High as Daily Transactions Reach 1.875 Million, Indicating Strong Market Momentum (https://en.coinotag.com/ethereum-approaches-all-time-high-as-daily-transactions-reach-1-875-million-indicating-strong-market-momentum/)