Ethereum (ETH) Price: Network Activity Surges as Daily Transactions Hit Record High

TLDR

• Ethereum network activity has nearly doubled to 8 million addresses in the past month, showing a surge of new users joining the platform
• Daily transactions on Ethereum reached an all-time high of 2.8 million, a 125% increase from the same period last year
• Stablecoin usage on Ethereum hit record highs while transaction fees dropped to historic lows due to Layer 2 scaling solutions
• Ethereum staking reached an all-time high with over 36 million ETH staked, representing nearly 30% of total supply
• Spot Ethereum ETFs recorded $175 million in net inflows on January 14, supporting bullish market sentiment

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Ethereum has experienced a sharp rise in network activity over the past month. New user addresses have jumped from just over 4 million to around 8 million, according to data from Glassnode.

The analytics platform reported that activity retention has nearly doubled. This metric shows how many users continue to be active on the network over time.

Daily transactions on Ethereum reached an all-time high of 2.8 million on Thursday. This marks a 125% increase compared to the same period last year.

Ethereum (ETH) Price

The number of active addresses on the Ethereum network has more than doubled. Etherscan data shows growth from around 410,000 accounts a year ago to over 1 million on January 15.

Stablecoin usage on Ethereum has reached record levels. At the same time, transaction fees have dropped to historic lows.

Macroeconomics outlet Milk Road attributed this trend to Ethereum’s scaling strategy. The network pushes execution to Layer 2 solutions while keeping settlement secure on Layer 1.

Staking Reaches New Heights

Ethereum staking has hit an all-time high with more than 36 million ETH staked. This represents nearly 30% of the total supply.

Active validators have increased to 976,117. An additional 2.3 million ETH sits in the queue waiting to be staked.

BitMine recently invested $200 million in Beast Industries as part of a strategic move involving Ethereum. The company also expanded its ETH staking portfolio by adding 154,304 ETH, bringing its total to 1.685 million ETH.

ETF Flows Turn Positive

U.S. spot Ethereum ETFs saw net inflows of $175 million on January 14. The data comes from SoSoValue.

The Crypto Fear & Greed Index has shifted to Greed territory. This is the first time the index has reached this level since October 2023.

Justin d’Anethan, head of research at Arctic Digital, said there is much to be optimistic about when looking at Ethereum. He pointed to oversold indicators turning upward and renewed capital inflows into ETFs, stablecoins, and crypto protocols.

The Ethereum price climbed to $3,365 recently, marking a modest increase on the 4-hour chart. ETH has risen 14% in early 2026 and briefly reached $3,400 for the first time since November 2025.

The Relative Strength Index stands at 66.24, nearing overbought territory. The Chaikin Money Flow indicator moved to the positive zone at 0.30, indicating capital inflow favors buyers.

Ethereum has broken through key resistance levels at $3,300 and $3,500. Analysts project the next target at $4,000, which would represent a 20% gain from current levels.

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