Eth major support trend line again retested or weakness continue
Ethereum Network Performance (January 2026)
The Ethereum ecosystem has entered January 2026 with record-shattering performance, signaling a decisive shift from speculative trading to deep-rooted utility. As of mid-month, the network achieved a historic milestone, with daily transactions surging to an all-time high of 2.88 million on January 16. The seven-day moving average currently hovers around 2.5 million transactions, nearly double the volume recorded during the same period last year. This activity is largely underpinned by the Fusaka upgrade (deployed in late 2025), which introduced PeerDAS and enhanced "blob" capacity. Consequently, gas fees on the mainnet have plummeted to historic lows, averaging approximately $0.15, while Layer 2 (L2) costs have become negligible, facilitating a massive wave of stablecoin transfers and micro-transactions.
Simultaneously, the development rate of Decentralized Applications (dApps) has accelerated, driven by a "Hub and Spoke" architectural shift. While Ethereum L1 remains the ultimate security and settlement layer, new dApp deployments are increasingly targeting L2 environments like Base, Arbitrum, and specialized ZK-rollups. In January alone, daily active addresses peaked at over 1 million, with a notable influx of 450,000 new wallets created in a single day (January 11). Development activity is particularly robust in the DeFi and SocialFi sectors, where projects like MetaMask and Starknet are leading with significant "development points" for security and scalability enhancements.
The modular trend of 2026 has made multi-chain deployment the industry standard; developers are no longer choosing "Ethereum vs. others" but are instead deploying on L2 spokes to capture low latency while anchoring to Ethereum’s $360 billion security layer. With nearly 30% of the total ETH supply now staked, the network’s fundamental stability continues to attract institutional interest, even as price action remains in a healthy consolidation phase near the $3,000 - $3,300 range