Ethereum posted important gains in last week, up 29% and approaching its level of all time close to $ 4,800 in 2021. When writing the editorial’s time, the ETH is negotiated at $ 4,662, which placed it within reach of the $ 4750 supply area to $ 4,800 that has historically marked a key area for the market.
This price decision coincides with an unprecedented network activity and notable flows on the chain which, according to analysts, could influence the short -term prices department.
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The activity of the Ethereum registration network responds to prices resistance
Crypto-chain cryptocurrency contributor’s data show that Ethereum daily transactions have reached a record summit of around 1.875 million. This increase in activity indicates a high demand for the demand for block space and increased commitment through the network.
The confluence of solid chain metrics with a critical price level creates a technical and fundamental intersection which could determine the next decision of Ethereum. According to Cryptonchain, Ethereum’s current position represents a decision point.
An escape greater than $ 4,750, accompanied by a sustained volume of transactions, could propel the ETH into a phase of price discovery, potentially exceeding its historic peak. Conversely, if the sellers defend this level, a consolidation phase or a retracement to the support area of $ 3,950 is possible.
The analyst has also warned that, although the cutting -edge activity of networks often accompanies a bullish price action, he can also report short -term overheating on the market. In such cases, even with solid fundamentals, prices can take a break or a retirement as participants adjust their positions.
This dynamic is particularly relevant because Ethereum tests a historically significant resistance area while the use of the network is at a record level.
Exchange outlets suggest continuous purchase pressure
In a distinct analysis, another cryptocurrency analyst, Burak Kesmeci, examined the data of Net Flux of Ethereum in all exchanges. Using the simple 30 -day mobile average (SMA30), Kesmeci found that ETH net flows remain in highly negative territory, around –40,000 ETH on August 12, 2025.
This represents an average daily release of 40,000 ETH in the last month, a trend that coincided with the recent increase in prices of the assets.
Net negative flows indicate that more ETH leave the exchanges that entry, often interpreted as a sign of reduced immediate sale pressure and increased maintenance behavior.
Kesmeci has linked the recent force of outings to identify ETF activity, suggesting that institutional demand has been a major factor supporting prices.
He noted that as long as the SMA30 remains in negative territory, the upward trend should continue. A transfer to a positive territory could however point out a change of feeling of the market and potentially weaken the purchase momentum.
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With both record transaction counts and sustained exchange outlets, Ethereum is faced with a market environment shaped by fundamentals of use and significant institutional interests.
Whether these factors will be sufficient to propel the ETH thanks to its long -standing price that the ceiling will probably be determined in future sessions, because traders ensure confirmed break or rejection signs at $ 4,750.
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