Ethereum demonstrates steady growth, approaching a significant resistance level while network activity reaches record figures.
Ethereum Moves Towards $4,100 Resistance
Ethereum ($ETH) continues to rise, currently trading at $3,727 with a 2.67% gain in the last 24 hours. Analysis from Daan Crypto Trades indicates ETH is gradually nearing its previous cycle high around $4,100, viewed as a key resistance zone.
Ethereum Network Activity Hits Multi-Year Highs
According to CryptoRank data, on July 24, 2025, daily gas usage reached an unprecedented 162 billion units, indicating a surge in demand for Ethereum, reinforcing its central role in DeFi, NFTs, and blockchain infrastructure.
Overall Insights on Ethereum's Current Status
Experts highlight that the increase in gas usage reflects heightened ecosystem activity and could influence future price trends. Despite concerns over network scalability, the current situation underscores Ethereum's growing utility in the cryptocurrency market.
With Ethereum's consistent upward movement and record gas usage, signs of increasing user engagement and demand for the platform suggest potential influences on future price developments.
