Ethereum Prints Strongest Quarterly Candle, Targets $6,400 as Network Activity Surges

The Ethereum had the highest quarterly close in history and rose above the decade-long resistance near $3,600, which was a positive indication of potential impetus toward a gradual rise to $6,400.

The number of transactions on the Ethereum network rose to 1.6 -1.7 million each day, surging above a four-year range, which corresponded to increased decentralized finance activity.

Analysts note that the breakout pattern of Ethereum is similar to previous stages of large rallies, which indicates that the asset is capable of further growth with a growing network integration.

Ethereum has registered its strongest quarterly close to date, breaking above multi-year resistance levels and fueling expectations of a sustained upward rally.

Record-Breaking Quarterly Close

Titan of Crypto noted that Ethereum has just achieved its highest quarterly close in history. This technical development represents a major milestone on the 3-month timeframe. According to the analyst, ETH has now cleared the long-standing resistance near $3,600, a level that had repeatedly capped growth in previous cycles.

The move is described as a clean breakout after several quarters of consolidation below resistance. Market watchers view this type of structure as a buildup of pressure before a decisive move higher. The analyst projected that the breakout could extend toward $6,400, supported by historical Fibonacci extension levels and expansion ranges from earlier cycles.

A quarterly close of this magnitude also reduces the probability of a false breakout. The strength of the move signals renewed conviction among investors, setting Ethereum in position to potentially mirror its strongest rallies from past cycles.

Ethereum Transaction Growth

Darkfost emphasized the expansion of activity on the Ethereum network as a supporting factor for price strength. Ethereum daily transactions have recently surged to record highs, now ranging between 1.6 million and 1.7 million. This level surpasses the four-year range of 900,000 to 1.2 million transactions, which had previously defined activity.

During the March correction earlier this year, Ethereum still maintained an average of 1.2 million transactions per day. That figure stood far above January 2023 levels, when daily activity hovered close to 1 million. The recent breakout in transactions has lifted the metric to new all-time highs.

Network data shows clear signs of adoption according to Darkfost. He noted that although we sometimes see speculation dominate the conversations, the consistent growth trend in transactions is evidence that Ethereum is continuing to build on its role in decentralized finance and in the wider crypto markets.

Path Toward $6,400 Target

Analysts suggest Ethereum’s breakout positions the asset for continued momentum in the months ahead. The structure on the quarterly chart mirrors early phases of previous rallies that preceded rapid price expansion. With the breakout confirmed, the measured move projection remains at approximately $6,400.

The strength of the close provides technical validation that Ethereum may sustain this upward trajectory. As Bitcoin leads broader market momentum, Ethereum appears ready to follow with what could be a powerful catch-up phase. Historical behavior shows ETH often accelerates after confirming such breakouts on higher timeframes.

Combined with record network activity and expanding DeFi usage, Ethereum enters the final quarter of the year with technical and fundamental tailwinds. Both analysts agree the latest data points to strong momentum, with market participants closely watching whether the projected $6,400 level becomes the next milestone.

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