Ethereum Network Activity Hits Peak, but Why This Is Not Necessarily a Bullish Signal

The Ethereum network is experiencing its most active phase to date. However, this does not necessarily indicate a bullish outlook. Recent on-chain data shows Ethereum reaching a major milestone as transfer counts hit a record high. Historically, similar signals have not always led to positive price performance source: https://beincrypto.com/ethereum-network-activity-hits-peak/