Ethereum Mainnet Hits 2.88 Million Daily Transactions Amid Low Gas Fees

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 18 2026

ETH+0.915%

DEFI+1.35%

GAS-1.604%

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Record Transaction Volume: On January 16, 2026, Ethereum's mainnet achieved a peak of approximately 2.88 million daily transactions, marking a significant milestone that reflects rapid expansions in decentralized finance (DeFi), NFTs, and gaming, thereby enhancing Ethereum's market position.
Significant Fee Reduction: The implementation of Layer 2 scaling technologies has led to a substantial decrease in network gas fees, lowering transaction costs for users and improving network efficiency and accessibility, which has attracted more new users and active addresses.
Staking Approaches 36 Million: Ethereum's staking numbers are nearing 36 million, driven by activities in DeFi and gaming, with no notable influence from Bitcoin, indicating that the growth is primarily rooted in Ethereum's own ecosystem.
125% Growth Over Two Years: Compared to January 2024's 1.96 million transactions, the current surge represents a 125% increase, showcasing Ethereum's robust growth potential in DeFi, stablecoins, and gaming applications, suggesting long-term benefits for validator earnings.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 0 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1414.766	1525.208	1628.656	1739.098	1842.546	1952.988	2056.436
Fibonacci	1525.208	1606.914	1657.392	1739.098	1820.804	1871.282	1952.988

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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