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Ethereum's on-chain activity reached new heights in November, with a monthly transaction volume of $183.74 billion. This milestone marks the network's highest monthly volume since 2021.

Key Highlights:

- Ethereum's monthly transaction volume reached $183.74 billion
- NFT sales volume exceeded $253 million in the last 30 days, a 32% increase
- Total Value Locked (TVL) has seen a steady climb, reflecting renewed investor interest in DeFi

Price Momentum:

Ethereum's price has maintained a bullish trajectory, consistently trading above its 50-day and 200-day moving averages. The Relative Strength Index (RSI) is at 67.7, suggesting the asset is nearing overbought territory but still has room for further upside.

Outlook:

With Ethereum's record-breaking on-chain volume, leadership in NFT sales, and growing TVL, the network is well-positioned to build on its momentum heading into 2025. As Ethereum approaches critical resistance levels, market participants remain optimistic about its ability to sustain its rally.