Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
While the Ethereum (ETH) price action in December showed a narrow range around the $3,000 level, and seemed to be on the verge of a potential breakout, the data on the chain recorded unusual signals.
What are these signals, and do they have positive or negative effects on the price of ETH?
Sponsored
Sponsored
The number of Ethereum transactions increased sharply in December
CryptoQuant data shows that in the last days of December, the number of transactions on the Ethereum network increased sharply. Daily transactions exceeded 2.1 million. This is the highest level recorded since 2023.
appears Etherscan data shows that this is also a record high in the last decade.
It should be noted that this growth occurred despite ETH having corrected significantly from above $4,500 to around $2,900. The data highlights a clear difference between the movement of the price and the use in the chain.
This growth may also reflect widespread ETH trading. This suggests that holders may be ready for a particular strategy.
“Ethereum processed only 2,230,801 transactions in one day, the highest in its 10-year history. Fees were less than $0.01. The end was stable. No congestion. No drama. After years of working to scale, usage is back to level one.” “The performance brings the user home,” he said. Investors BMNR Bulls.
The authors’ analysis refers to CryptoQuant to Such spikes indicate panic sales when they occur during downtrends. However, when supported by positive fundamentals, it reflects the growth potential of ETH.
Sponsored
Sponsored
If the signal is neutral, it can also be positive. Two additional indicators support this view.
First, the number of smart contracts implemented on Ethereum reached a record high. In Q4 2025, more than 8.7 million new contracts were published. This is the highest level ever recorded.
The number significantly exceeded the previous quarters, indicating a strong expansion in the ecosystem. This also helps explain the growing demand for ETH transfers.
Developers are increasingly using Ethereum as a settlement layer. Guided growth Tokenize assets in the real world (RWA), and stablecoin activitiesAnd the development of basic infrastructure.
The second factor is the increase of ETH in the storage list. On the last day of December, the number of validator entry lists continued to grow, with a total of 890,000 ETH waiting in the full queue. it can be Bitmine storage activity in ETH That is what prompted this strong growth.
synchronization High entry of ETH in the storage queue With an unusually high network flow. This timing also explains the observed increase.
Despite these positive signals on the chain, the price of ETH remains close to the $3,000 level. Recent analysis by BeInCrypto indicates that ETH forms a bearish systemin addition Selling pressure from US-based investors.
