Ethereum Surpasses 40% Weekly Transaction Surge Amid Market Consolidation

- Ethereum's weekly transactions surged 40% due to on-chain asset transfers, highlighting its role as a settlement and cross-chain platform.

- Price remains range-bound at $2,800–$3,300 with mixed institutional flows, though increased open interest signals bullish technical sentiment.

- Long-term growth depends on institutional adoption, regulatory clarity, and protocol upgrades like Dencun, despite current macroeconomic uncertainty.

- A break above $3,200 resistance could target $3,800–$4,000, while a drop below $2,800 risks a 42% correction to $1,600 according to technical analysis.