- Ethereum daily transactions reached 1.875 million, the highest ever recorded.
- ETH trades just 3.9% below its previous all-time price peak.
- Market capitalization surpasses Netflix, reaching $568.6 billion in August.
Ethereum’s network activity and price have surged in tandem, pushing the cryptocurrency close to its previous record. Data from CryptoQuant and TradingView show that Ethereum’s daily transactions hit about 1.875 million, the highest level ever recorded.
The Ethereum Transaction Count chart displays a sharp rise in network activity. This increase comes as the price approaches the all-time high zone, with ETH recently trading near $4,563.47.
Historical trends show the market is testing an upper resistance zone between $4,750 and $5,150. This level was last visited during Ethereum’s previous peak period.
Price Closes Gap to Record Peak
Glassnode data shows Ethereum traded at about $4,637 on August 13, 2025, placing it just 3.9% below its record high. This narrowing gap marks one of the closest approaches to its all-time high since the last major rally.
Analysts note that the move reflects stronger investor sentiment, with capital flowing into higher-risk assets. The trend suggests that bullish momentum is building as Ethereum continues to outperform other major cryptocurrencies.
Institutional Endorsement and Market Cap Milestone
Ark Invest CEO Cathie Wood told CoinDesk that Ethereum stands out as the leading institutional protocol. She highlighted its higher degree of decentralization as a factor attracting institutional interest, despite it being more costly and slightly slower than some alternatives.
Wood stated that this decentralization strengthens Ethereum’s long-term position in the blockchain ecosystem. Meanwhile, Ethereum has surpassed Netflix in market capitalization, reaching $566.8 billion.
At press time, ETH trades at $4,710.53, up 7.15% in the past 24 hours. The milestone reflects both rising market confidence and significant capital inflows.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
