Ethereum Price Prediction: Network Activity Surges As Price Bounces From Long-Term Support

• Ethereum rebounds 3.03% to $2,899.51 after defending the ascending trendline drawn from April 2025 lows near $1,500.
• Daily network transactions reach 2.34 million on a 7-day moving average, signaling unprecedented adoption.
• Spot exchange outflows of $66.93 million suggest aggressive accumulation as price tests long-term support.

Ethereum price today trades near $2,899.51 after bouncing from a multi-month ascending trendline that has supported the recovery since April. The rebound comes as network activity reaches unprecedented levels, with daily transactions hitting an all-time high that contradicts the bearish price action.

Spot Outflows Signal Aggressive Accumulation

Exchange flow data confirms the bullish fundamental picture. Coinglass recorded $66.93 million in net outflows on January 26, meaning coins are moving off excha…

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