As Network Transactions Hit Multi-Year High, Ethereum Price Sees Gains

Ethereum has experienced an almost 2% increase in the past 24 hours, aligning with the multi-year high in the number of transactions on the Ethereum network. According to The Block's data dashboard, the seven-day moving average of daily Ethereum transactions rose from 1.1 million to 1.3 million in the past week. This marks a new high since November 2021 when Ethereum reached a historic peak of over $4,600.