Ethereum Sees 2-Year Peak in Network Activity Despite $ETH Price Downturn

Ethereum ($ETH) has recently achieved a milestone in terms of network. In this respect, Ethereum network activity has touched a 2-year high mark. As per the data from CryptoOnchain, this development has taken place despite the ongoing price correction of the leading altcoin. Hence, this landmark development indicates robust network throughput.

Ethereum On-Chain Activity Jumps to 2-Year High

The on-chain statistics reveal that Ethereum has touched a 2-year high spot when it comes to network activity, irrespective of the price correction. This outlook underscores resilient community engagement and utility even amid the growing market volatility. During the 4th quarter of 2025, the transfer activity of Ethereum presented increased volatility, surging above the mid-year consolidation zone. The market onlookers suggest that such spikes amid a downturn often highlight on-chain engagement or panic-led redistribution, especially in the face of gas fee decline.

In addition to this, the data further points out that the current transfer count of Ethereum ($ETH) accounts for nearly 857,000. Along with that, the price is hovering around $2,900. Keeping this in view, while transfer activity has jumped, the price level has failed to maintain its position. Thus, the sharp transfer increase has also triggered crucial questions among the investors regarding the further trajectory of Ethereum. At the moment, the transfer count of Ethereum is up to 857,000.

Facing Crossroads of Looming Weakness or Renewed Strength

According to CryptoOnchain, the 2-year peak in the network activity of Ethereum is a notable factor impacting its long-term outlook. Particularly, this hike amid the still lower price levels raises concerns. So, if this rise denotes panic-led exits, the downside pressure may increase ahead of stability. However, it remains to be seen whether this move results in increased weakness or a renewed strength.