Overview
- On-chain data show Ethereum’s 7‑day average transfer count near 870,000, up from roughly 600,000 in late December, marking about a 45% rise.
- The activity surge began December 29 with a daily peak around 1.06 million transfers, and daily counts have since held near the 900,000 level.
- ETH is consolidating around the $3,200 area after failing to break $3,300, with hourly charts turning cautious following a dip to a $3,123 low.
- Immediate resistance sits near $3,200–$3,220 and then $3,250–$3,300, while supports are flagged around $3,120 and $3,080 on near-term views.
- Analysts frame the outlook as conditional, noting that sustained usage and a reclaim above $3,500 would favor upside, whereas losing $3,200 risks a move toward the $2,800–$3,000 demand zone.