Ethereum News Today: Ethereum Surpasses $4000 as Network Activity Hits New Records

Ethereum’s recent price momentum has positioned it as one of the most closely watched assets in the cryptocurrency market, with analysts suggesting it could soon reach a new all-time high (ATH). Current price trends indicate strong upward pressure, supported by a combination of robust technical patterns and growing utility in key sectors like decentralized finance (DeFi) and non-fungible tokens (NFTs) [1]. With Ethereum already surpassing the $4,000 level and showing signs of sustained bullish momentum, traders are speculating that a fresh ATH could be within reach in the coming days or weeks [2].

The recent breakout above $4,000 has been accompanied by high trading volume, which is a positive technical signal. Many analysts believe this is a critical development, as it suggests increased buying interest and market confidence. Some forecasts predict Ethereum could see further gains, with price targets set between $4,350 and $4,500 [4]. The network has already surpassed key Fibonacci levels, such as the 1.618 extension at $4,193, often seen as a precursor to accelerated price movement [3].

On-chain activity has also seen a notable surge, with daily transactions exceeding 1.8 million and a 7-day average now above 1.74 million—surpassing previous records set in 2021 [1]. This increase is not driven solely by speculative trading but by real-world usage across DeFi platforms and NFT marketplaces. Regulatory clarity has also contributed to the bullish momentum, with the U.S. Securities and Exchange Commission (SEC) stating that certain staking receipts and liquid staking tokens do not qualify as securities [2]. This clarification has led to increased staked ETH and higher on-chain activity.

July 2025 marked a record month for Ethereum in terms of transaction volume, with 46.67 million transactions processed during the period [4]. The number of active Ethereum addresses has also reached 683,520, indicating broader adoption and engagement with the network. These figures suggest Ethereum is gaining traction beyond speculative trading and into mainstream usage.

Despite the high transaction volume, fees remain relatively low, fluctuating between $0 and $4 per transaction. Block utilization currently stands at 49.53%, indicating the network still has room for growth without significant congestion [1]. This low fee environment supports continued adoption and makes Ethereum more attractive for developers and users alike.

Another notable trend is the outflow of ETH from exchanges. The amount of ETH held on exchanges has dropped to 15.35 million, the lowest level since 2016 [6]. This suggests that a significant portion of the available supply is now being held long-term, potentially leading to upward price pressure as liquidity tightens.

Looking ahead, the $4,500 level is considered a key resistance point. A sustained breakout above this level could signal the start of a more aggressive upward trend [2]. If Ethereum continues to rise with strong volume and momentum, the next target could be a new all-time high, potentially surpassing previous records.

However, market observers caution that a correction may occur once Ethereum reaches the $4,800–$4,900 range, potentially pulling back to $3,900–$4,000 [3]. Such pullbacks are common in the crypto market and can provide better entry points for long-term investors. A correction would also allow for price consolidation before the next potential surge.

Traders and investors are advised to monitor Ethereum’s performance closely, particularly around key resistance levels and broader market factors such as Bitcoin’s price action and regulatory developments. If the current bullish trend continues, Ethereum may well lead the next major bull cycle in the cryptocurrency market.

Source:

[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=ethereum-transaction-activity-rockets-to-historic-highs

[2] https://u.today/ethereum-eth-to-melt-faces-top-analyst-issues-breathtaking-prediction

[3] https://cryptonews.com/news/ethereum-price-prediction-eth-breaks-4000-could-a-new-ath-be-next/

[4] https://coincentral.com/ethereum-price-prediction-eth-rallies-as-network-transactions-reach-all-time-high/

[6] https://www.tradingnews.com/news/ethereum-price-dips-to-3556-usd-amid-historic-exchange-outflows