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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Oct 01, 2025 12:18 UTC
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Ethereum Network Hits Record 1.7M Transactions, Analysts Eye Rally To $7,700
Ethereum daily transactions surge to record 1.7M, breaking a four-year activity range.
CryptoQuant analyst Darkfost links Ethereum’s record growth to rising DeFi adoption and demand.
Analysts say Ethereum’s bullish setup could push prices toward $7,700 in coming months.
Ethereum jumped past $4,300 today, bouncing back strongly after dipping below $3,900 last week. Alongside the recovery, ETH hit a major milestone with daily transactions climbing to a record 1.6–1.7 million, marking the highest levels ever recorded in its history.
This surge has made top analysts turn bullish, predicting Ethereum could push toward $7,700 if momentum holds..
Ethereum Network Activity Hits Record Levels
CryptoQuant analyst Darkfost says Ethereum’s network activity has reached record highs, hitting 1.6–1.7 million daily transactions.
For almost four years, Ethereum stayed in a narrow range of 900k–1.2M transactions per day, showing slow but steady use. Even during the March correction, activity held at 1.2M, stronger than early 2023 levels.
Now the network has broken out of that range, marking the highest activity in Ethereum’s history.
Darkfost explains that this surge comes from real adoption, with Ethereum powering DeFi apps, lending platforms, and exchanges. In short, the rise in transactions isn’t just numbers on a chart, it shows how deeply Ethereum is now tied to real-world use cases.
DeFi is Driving Ethereum Surge
Further Darkfost links the surge directly to the rapid growth of decentralized finance, with the Total Value Locked (TVL) in Ethereum-based DeFi protocols hitting $90.62 billion, up 45% from July 2025.
As DeFi expands, Ethereum naturally attracts more users and more on-chain actions, pushing daily counts higher and stressing the idea that this is real usage, not just speculative traffic.
ETH Price Eyeing $7,700 Target
With Ethereum starting the month on bullish crypto analyst Crypto Jelle, see ETH making a classic setup, a breakout, a retest, and a quick dip to shake out weak holders. He believes this could push ETH much higher, with a target of around $7,700 in the coming months.
Adding fuel to the bullish outlook, history shows that Q4 has often been one of the strongest periods for digital assets.
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FAQs
With record network activity and strong momentum, top analysts predict Ethereum could target $7,700 in the coming months if the current bullish trend holds.
The record activity is primarily driven by the rapid growth of DeFi, with the value locked in its protocols surging 45% since July to over $90 billion.
Analysts are bullish as Ethereum breaks out from a key price level, fueled by real-world usage and a historically strong fourth quarter for crypto
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