Ethereum Transactions Near All Time High

ethereum transactions near high july 2020

Ethereum transactions have never been higher since the very peak in January 2018 as demand for the ethereum network appears to have returned to a full swing. 1,150,000 transactions were performed on Monday, while the peak stands at 1,350,000 transactions on January the 4th 2020. Around that time ethereum’s price reached $1,420, while for some weeks now it has been trying to overtake $250. That huge resistance line at $250 comes after more than a year of sideways both against the dollar and against bitcoin, after falling considerably against both. The transaction levels were also kind of sidewaying for that period, but they have been in a bull run for much of this year since January 2020. As transactions can be a proxy for adoption, you’d expect their rise to be reflected in the price, but it is not too clear whether they are a lagging indicator or otherwise. Logically…

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