Ethereum’s Record Transactions Raise Questions About Potential August Breakout and Price Discovery
Main Idea
Ethereum's daily transactions have reached a record high, surpassing 2021 levels, suggesting a potential new all-time high in August 2025, despite historical bearish trends for the month.
Key Points
1. Ethereum’s daily transactions hit a record 1.74 million on August 5, 2025, exceeding the peak of the 2021 bull run.
2. ETH’s price rebounded 8% this week, challenging the typical bearish trend observed in August.
3. Institutional holdings of Ethereum surged 127.7% in July, with over 2.7 million ETH held, indicating strong market confidence.
4. July recorded the highest monthly transaction count ever at 46.67 million, with active addresses rising to 683,520.
5. Ethereum’s current performance in 2025 is diverging from historical trends, with a potential bullish continuation in August.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum’s daily transactions
Latest News
- XRP Shows Early Signs of Potential Bullrun as Bitcoin Approaches Key Resistance Levels2025-08-08 00:33:43
- Vitalik Buterin Highlights Potential of Ether Treasuries While Cautioning Against Overleveraging Risks2025-08-08 00:33:24
- Ripple and SEC Conclude Appeals, Potentially Shaping Future XRP Classification and Regulatory Landscape2025-08-08 00:15:06
- Solana Maintains Support Above $166 as DeFi Activity Suggests Potential Bullish Momentum Toward $2552025-08-07 23:59:22
- Trump Administration Signals Shift for Bitcoin and Crypto with End of Operation Chokepoint 2.02025-08-07 23:43:00