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..
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.
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.
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.
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
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The crypto market is moving, and November could be an important month for certain altcoins.…
XRP is once again making headlines as several ETFs that include the token move closer…
The Market Structure Bill has been a central focus in crypto regulation discussions. Although it…
The XRP price is showing encouraging signs of stabilization after enduring heavy selling pressure throughout…
The ENA price has demonstrated a remarkable rebound after a steep decline earlier this month.…
In August 2025, Valour Inc., a subsidiary of DeFi Technologies listed on Nasdaq, launched the…
