
Ethereum hits record 12 million daily smart contract calls as traders eye the $5200 ceiling
Per CryptoQuant’s second September weekly report, Ethereum’s latest uptrend from about $1,400 in April to a high near $5,000 has unfolded alongside heavier allocations in funds and whale accumulation, a pullback in exchange deposits, and activity peaks across transactions, addresses, and smart-contract calls. Ethereum trades below a realized price band of $5,200 while fund holdings and on-chain use hit records. The report frames the next phase around whether price can clear the realized price upper band that capped prior advances. According to CryptoQuant, Ethereum fund holdings, driven largely by U.S. spot ETFs, have reached 6.7 million ETH, nearly double since…



