Ethereum Network Usage Hits All-Time Highs Amid Falling Fees
- Surge in User Activity: Ethereum's monthly active users reached 13.2 million in Q1 2026, a 53.5% quarter-over-quarter increase, indicating strong demand for the network despite a 30% drop in ETH's market cap, highlighting a divergence between usage and market valuation.
- Significant Transaction Volume Growth: The total transaction count for Ethereum hit 200.4 million in Q1, an 81.5% year-over-year increase, while throughput rose to 25.78 transactions per second, showcasing enhanced scalability, even as base layer fees fell nearly 50%, potentially impacting short-term revenue.
- Ecosystem Value Locked: The average total value locked (TVL) stood at $316.2 billion, down 11% from Q4 2025 but up nearly 23% year-over-year, indicating Ethereum's robust position in the market, particularly in the tokenized asset sector.
- Future Upgrade Prospects: Ethereum's upcoming Glamsterdam upgrade aims for a more than 3x increase in gas limits by Q3 2026, with a long-term goal of achieving 10,000 TPS and near-instant finality by 2029, which will further enhance the network's growth potential.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 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 | 1280.899 | 1415.55 | 1564.099 | 1698.75 | 1847.299 | 1981.95 | 2130.499 |
| Fibonacci | 1415.55 | 1523.732 | 1590.567 | 1698.75 | 1806.932 | 1873.767 | 1981.95 |
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