Ethereum network surge raise on-chain activity, ETH price dey lag for $2,100
CryptoQuant report say Ethereum network dey surge: Total Transfer Count 7-day SMA don come back above 1.3 million, same as mid-February peak. Main development na divergence—network activity for Ethereum dey rise but ETH remain subdued, dey consolidate near $2,100 and far below 2025 highs.
Rising transaction volume dey increase gas use and dey speed up ETH burning through Ethereum fee-burn mechanism. CryptoQuant talk say this combo dey improve chances for mid-term “catch-up” move in ETH if momentum hold.
Traders dey watch levels closely. Ali Martinez flag $2,500 as bullish trigger for new upside phase. $1,800 na major support area and e line up with ~0.80 MVRV band near $1,880. If structure break, downside targets wey dem mention na $1,550 and $1,070. Separately, Ted Pillows highlight $2,150–$2,200 as crucial support amid macro uncertainty.
For ETH traders, the Ethereum network surge na constructive signal, but near-term direction likely depend on whether ETH defend $2,150–$1,800 zone.
Neutral
Di report dem dey emphasize say on-chain Ethereum network don get constructive surge, but dem still yarn say ETH price action dey lag. Short-term impact mixed: $2,150–$2,200 na critical support, and if e miss dat, e fit press ETH go $1,800, with more downside targets at $1,550 and $1,070. For medium/long-term, rising Ethereum network activity plus increased fee burn dey improve the fundamental story and dey raise the chances say ETH fit do one later catch-up move if the activity trend continue. So the signal dey supportive for ETH fundamentals, but execution depend on whether traders fit defend the key support bands soon—making the overall price impact for ETH best described as neutral.