Ethereum Sees ‘Unprecedented’ Network Surge – Market Still Sleeps

Ethereum (ETH) has entered Q2 2026 with a steep 55% drop from its August 2025 high above $4,900, as macro-driven pressures weigh on the price. New data suggests that the unprecedented surge in the Total Transfer Count metric highlights that on-chain activity has reached peak levels. Ethereum Usage Peaks Ethereum’s on-chain activity has returned to record levels, as the 7-day simple moving average of Total Trans…