🚀 Ethereum Breaking Records: What’s Driving the ETH Surge?
While the market watches the headlines, Ethereum ($ETH) is quietly (and not so quietly) smashing all-time highs across key on-chain metrics. Here’s why the "King of Altcoins" is looking so bullish:
📈 Transaction Boom
The network is on fire! Daily transactions hit record highs three times in a single week, peaking at over 2.8M. Compare that to late December’s 2.23M — the utility is skyrocketing.
👥 Massive Adoption
Glassnode analysts have spotted a major trend: new active addresses doubled in January, jumping from 4M to 8M. Users aren't just visiting; they are moving into the ecosystem for the long haul.
🔐 Staking at ATH
Confidence is peaking. Nearly 36M ETH is now locked in staking — that’s over 29.5% of the total supply. With more ETH sidelined, a supply crunch could be the next catalyst for a price move.
📊 Technical Outlook
Trend: Firmly bullish (Price holding above the 50-day MA).RSI: Sitting above 50 but hasn't hit the "overbought" zone (70+) yet — meaning there's still room to run.Key Levels: Resistance at $3,449.8, with strong support at $2,621.
With rock-solid fundamentals and growing institutional interest, ETH is proving its dominance. Are we heading for a breakout? 🚀
#Ethereum #ETH #CryptoAnalysis #Glassnode #Staking
