2 hours ago
3
Key takeaways:
- Transaction count ATH: 3.61M on April 12.
- Price up 5% on the week, peaked at $2,425 on April 17.
- Mid-week leverage flush wiped $2B in open interest in 48 hours.
- Taker ratio at 0.916, sellers now the aggressive party.
- Exchange inflows fell from 970K to 350K ETH post-peak.
- ETH withdrawn from exchanges during selloff, not sold.
- Network and speculative layer pointing in opposite directions.
On April 12, Ethereum processed more transactions in a single day than at any point in its history, 3.61 million. Price that same day was sitting near $2,200, the low end of what would become a volatile week. The network had never been more active. The market was not paying attention.
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