Driven by network upgrades such as Pectra and Fusaka, Ethereum's daily trading volume on December 31st reached a record of 1.87 million transactions. These upgrades reduced transaction fees and enhanced scalability. Despite the surge in trading activity, ETH prices remain under pressure and struggle to break through the $3,200 resistance level on the daily chart. Analysts point out that ETH needs to sustain above $3,200 to revive its upward momentum and move towards higher targets.
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Driven by network upgrades such as Pectra and Fusaka, Ethereum's daily trading volume on December 31st reached a record of 1.87 million transactions. These upgrades reduced transaction fees and enhanced scalability. Despite the surge in trading activity, ETH prices remain under pressure and struggle to break through the $3,200 resistance level on the daily chart. Analysts point out that ETH needs to sustain above $3,200 to revive its upward momentum and move towards higher targets.