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Ethereum network hits record transfer activity, signaling strong growth despite ETH price near $2,100.

Protocol Fundamentals
10 Apr 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum's network activity has reached a new all-time high with the 7-day average transfer count surpassing 1.3 million, matching levels last seen in mid-February. This surge is driven by DeFi protocols, Layer 2 solutions, and smart contract usage, indicating robust real-world demand and network utility. Despite this, ETH's price remains around $2,100, well below previous highs, creating a bullish divergence where network fundamentals outpace market valuation. Increased gas consumption is also accelerating ETH burns, tightening supply and potentially supporting long-term price gains. Analysts are closely watching this divergence as a possible signal of future price recovery aligned with growing network activity.

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