Ethereum's daily transactions have surged to 1.729 million, marking the highest level since January 2024. This increase comes amid a week of market volatility and as Ethereum's price climbs above $2,400. Despite the rise in transactions, on-chain data from Nansen shows sell volumes surpassing buy volumes, with over 74,000 sell transactions compared to 52,000 buy transactions. This imbalance suggests potential challenges for Ethereum's price recovery as the market seeks stability.