- Ethereum daily transactions remain in a stable uptrend, showing resilience even during volatile price movements.
- Open interest spiked above $70B in late August before falling to $58B–$60B alongside Ethereum’s price correction.
- ETH now trades between $4,300–$4,450, with futures activity stabilizing after weeks of profit taking and liquidations.
Ethereum is showing resilience in network usage even as speculative futures activity has cooled, according to analyst Ali. Ethereum daily transactions are on a steady uptrend despite ongoing market volatility.
Between 2016 and early 2018, ETH price reached up to about $1,400 and volumes were over 1.2 million per day, led mostly by ICO and early decentralized app applications. When prices fell in 2018, volumes averaged between 400,000 and 600,000, indicating consistent underlying utility.
Habitual Growth in Network Activity
During the 2020 to 2021 bull run, ETH price and volumes increased. The token surpassed $4,000, and daily transactions frequently surpassed 1 million. This growth came during the rise of DeFi and NFT adoption, expanding Ethereum use cases.
However, the 2022 downturn saw ETH prices drop below $1,000, yet transactions remained within a wide band of 700,000 to 1.2 million per day. That stability suggested enduring usage across stablecoins and decentralized applications.
From 2023 onward, transactions began a gradual rise, indicated by consistent increases tied to Layer 2 solutions and broader dApp participation.
Current Range and Market Levels
ETH trades between $3,000 and $4,000 while transaction activity supports strong baseline usage. A green line trend, noted in on-chain data, indicates continued upward momentum in daily activity despite fluctuating prices.
This resilience shows Ethereum expanding market, where stablecoins, scaling technologies, and decentralized platforms remain central drivers of utility. At the same time, futures market activity has shown contrasting patterns.
Between August 22 and 24, Ethereum open interest surged from $60 billion to above $70 billion. This increase coincided with spot prices testing the $4,800–$4,900 range, indicating aggressive positioning from leveraged traders.
Futures Market Adjustment
By August 25, open interest began declining, dropping steadily to about $58–$60 billion by early September. ETH price also corrected from near $4,800 to roughly $4,350–$4,400 during this period. This decline showed profit taking and liquidations, reducing leverage exposure across markets.
From September 1 to 6, both metrics steadied. ETH consolidated within the $4,300 to $4,450 range while open interest stabilized near $58 to $60 billion. This pause suggests the market is cautious, waiting before deploying additional leverage into the market.
