Overview
- Ethereum processed more than 2.2 million on-chain transactions on Dec. 29, driven by stablecoin settlements, DeFi activity, and Layer-2 batch postings.
- Average gas fees held near roughly $0.17 during the surge, pointing to improved efficiency rather than congestion-driven speculation.
- ETH remains range-bound near $2,900–$3,000, with Friday trading around $3,046 as the market awaits a confirmed breakout.
- Technical views identify support near $2,600–$2,880 and resistance in the $3,050–$3,200 band, with some analysts seeing a potential 15%–20% move on a clean break above resistance.
- Late-December reports show about $50 million in net inflows to Ethereum ETF products and sustained, though fluctuating, institutional exposure via ETHA since 2024, while Vitalik Buterin outlined 2026 priorities focused on scalability and decentralization.