Ethereum Transactions Reach Over 2M—Is This the Beginning of the ETH Price Rally?

Crypto markets took the latest CPI print in stride, with inflation coming in unchanged and in line with expectations—easing near-term uncertainty for risk assets. Bitcoin climbed to intraday highs near $96,500, while Ethereum price

ETH price is testing a key breakout zone after clearing consolidation. Immediate resistance sits at $3,304–$3,322, while a daily close above the descending trendline and $3,320–$3,350 could confirm a bullish breakout. Upside targets remain $3,500 and $3,875, while support to hold is $3,050–$3,120; losing $3,050 may open $2,850–$2,900. CMF suggests improving inflows, but a flat OBV shows volume confirmation is still needed.

That combination fits a common setup: price breaks first, volume confirmed later. But if volume and OBV don’t follow, ETH can easily slip back into the range.

Ethereum Price Prediction 2026: Will ETH Reach $4000 This Month?

Ethereum’s transaction count breakout strengthens the long-term usage narrative and supports the idea of a firmer floor for ETH. If the network activity continues to remain elevated, the price is also believed to maintain a strong ascending trend. Considering the current market dynamics and the sentiments, reaching $4000 appears to be a tedious job.

The markets are largely concentrated on Bitcoin right now as the dominance continues to remain elevated. Until these conditions are sustained, the Ethereum price could strongly consolidate above the gains but may not break the threshold at $3500 or $3800. However, the markets and sentiments tend to change, and once the rotation into altcoins intensifies, the ETH price may lead in the markets.

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