Ethereum Transaction Surge Hits 45%, Bulls Eye $3,500 Breakout

Ethereum network activity has surged nearly 45% in recent weeks, with daily transaction counts reaching approximately 870,000 from roughly 600,000 in late December.

The increase reflects growing engagement across decentralized applications and DeFi protocols while ETH consolidates above $3,200.

According to CryptoOnchain analysis using CryptoQuant data, the expansion in Ethereum network activity began on Dec. 29, when daily total transfer counts reached approximately 1.06 million transactions.

The persistence of elevated transaction volume suggests a structural shift in network usage rather than a single event driving the spike.