币界网报道：The Ethereum network is showing signs of heightened activity despite its price remaining stagnant, sparking speculation of an impending breakout. On-chain data reveals a surge in transaction volume and active addresses, indicating growing usage even as ETH trades sideways around $1,600. Analysts note that the network's gas fees have risen significantly, suggesting increased demand for block space from decentralized applications (dApps) and smart contracts. Meanwhile, Ethereum's supply on exchanges continues to decline, reaching multi-year lows as more holders opt for self-custody solutions. This reduction in readily available supply could create upward price pressure if demand increases. Technical analysts point to key resistance levels near $1,700 that, if broken, could trigger a substantial price movement. The upcoming Ethereum Improvement Proposal (EIP-4844), which aims to reduce layer-2 transaction costs, is also generating optimism among developers and investors. Market observers are watching whether this fundamental network strength will eventually translate into price appreciation, especially with the broader crypto market showing signs of recovery. The divergence between network activity and price action has historically preceded significant ETH rallies, leading some traders to anticipate a potential breakout in the coming weeks.