Ethereum’s network activity produced conflicting signals. The 14-day moving average of transaction counts climbed to a record 2.65 million, surpassing the previous peak recorded in May.
Meanwhile, the 14-day moving average of active addresses dropped to 397,000, marking its lowest level since December. Fewer wallets interacted with the network, although those remaining completed transactions more frequently.
Furthermore, total staked Ethereum reached a record 40.93 million ETH after increasing by 4.94 million ETH since the start of the year. Much of that growth came from BitMine Immersion, which staked 4.9 million ETH since December, meaning the increase did not necessarily reflect broader staking participation.
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Elsewhere, Ethereum recorded $91.4 million in liquidations during the past 24 hours, including $61 million in long . On the technical side, ETH traded above its 20-day and 50-day exponential moving averages at $1,791 and $1,812. The Relative Strength Index remained in the mid-50s, while the Stochastic Oscillator stayed elevated, indicating continued buying momentum despite signs of an extended advance.
Traders watched resistance near $1,909, followed by the 100-day EMA at $1,942 and additional barriers at $2,018, $2,107, $2,211 and $2,388. Meanwhile, support appeared between $1,812 and $1,806, followed by $1,741, with deeper support levels at $1,524, $1,404 and $1,155.
