Ethereum’s Record 2.2 Million Transactions & Rock-Bottom Fees Signal Imminent $4K Breakout
Ethereum just flexed its muscles—processing a staggering 2.2 million transactions in a single day while keeping fees at basement levels. The network isn't just humming; it's screaming that a major price surge is on the horizon.
The Scalability Sweet Spot
For years, critics harped on Ethereum's congestion and high gas fees. Now? The chain is handling record volume with fees so low they'd make a traditional payment processor blush. This isn't a fluke—it's the result of relentless protocol upgrades finally hitting their stride. The network is proving it can scale without sacrificing decentralization, a combo that Wall Street's legacy systems still can't crack.
Liquidity Follows Utility
Low fees and high throughput aren't just technical wins; they're a siren call for capital. Developers build where it's cheap and reliable. Users flock where applications are seamless. This surge in real, organic usage creates a feedback loop of value—more activity begets more demand for ETH, the fuel that powers it all. Forget speculative hype; this is utility-driven momentum.
The $4K Threshold Beckons
All signs point to a decisive breach of the $4,000 resistance level. The technical setup, fueled by this fundamental network strength, is primed for a leg up. It's the classic market move: price eventually catches up to proven value. While traditional finance dabbles in quarterly earnings theatrics, Ethereum is quietly executing a masterclass in network-effect economics.
The bottom line? Ethereum's engine is running hotter and cleaner than ever. When the network thrives, the native token isn't far behind. The breakout isn't just possible—it's practically baked in. Time for the market to price in what the blockchain is already demonstrating.
Impact of Ethereum’s Pectra and Fusaka Upgrades
Ethereum started the year 2025 by undertaking two significant upgrades in the network, Pectra and Fusaka. The two upgrades improved the efficiency and scalability of the network considerably.
The Pectra upgrade was undertaken in May and aimed at improving the efficiency of validators and making their joining process easier in the network. This was followed by the Fusaka upgrade, which increased the gas limit from 45 million to 60 million per block.
Going back to earlier in the month of February, more than 50% of the total Ethereum validators have already expressed support for the gas limit.
The two improvements not only enable the network to process a larger volume of transactions but also set the foundation for the expansion of the network in the future.
Ethereum Eyes Upside Amid Wyckoff Accumulation
The price of Ethereum at the current point is approximately $2,981.57. Some market analysts believe there are patterns emerging that will propel the markets further upwards.
Wyckoff accumulation patterns seem to be emerging, with Merlijn The Trader observing that Ethereum’s price has been holding steady while accumulation patterns build before a price breakout, meaning higher lows are being established.
ETHEREUM IS FOLLOWING WYCKOFF TO THE LETTER.
Spring.
Test.
LPS forming now.
Only one thing left:
Phase E is the vertical markup.
If the pattern plays out…
$10K target is not crazy.
It’s structure.
Most will doubt it. Smart money doesn’t. pic.twitter.com/pfrDzPYINO
Another analyst, crypto Tice, also held the same views. According to him, if the accumulation process is over and ETH breaks out through some important resistance, it may go higher for a short while.
Traders anticipate the testing of resistance at around $3,300 to $3,500. If Ethereum succeeds in overcoming these levels with further buying strength, it may target the next level of $4,000.
Source: X
