🚨 Ethereum trading volume hits a record high, but the price is hovering at a low level? The underlying signals are not simple

Latest on-chain data shows that the activity on the Ethereum network is rapidly increasing.

📊 On April 12th, daily transaction volume exceeded 3.61 million transactions
setting a new record for Ethereum's highest transaction volume.

But at the same time, the market shows a clear divergence between price and fundamentals:

📉 ETH price has fallen from the high of $4,700
and is currently oscillating in the $2,000–$2,400 range.

💡 What does this mean?

Simply put:

Prices are pulling back, but network usage is exploding.

The current on-chain growth mainly comes from:

• Continued activity on layer-two scaling networks
• Increasing number of smart contract applications
• Growing real on-chain demand

On the other hand, retail speculative enthusiasm has noticeably cooled, and short-term capital is decreasing.

📊 From historical experience,

When a blockchain network shows:

Fundamentals continuously growing + price lagging behind

It often indicates that the market is in a somewhat special stage—
value is being accumulated, but sentiment has not caught up.

Many times, this stage is precisely when long-term capital begins to slowly position itself.

🌱 A message for all investors:

Short-term market focus is on price,
Long-term focus is on value.

When prices fall, many people exit,
but truly smart people will look at one thing:

Is this network still growing steadily? 🚀