Ethereum reached 13.2M users and 200.4M Q1 transactions as traders watch the $1,300-$1,400 range for an ETH bottom.
Ethereum recorded stronger network activity in Q1 2026, based on Token Terminal data cited by market analysts.
The network reached 13.2 million monthly active users, showing 53.5% growth from the previous quarter.
Transaction volume also increased, as Ethereum processed 200.4 million transactions during the same period.
Meanwhile, ETH traders are watching the $1,300 to $1,400 range as a possible bottom area.
Ethereum Records Strong Q1 User Growth
Ethereum’s user growth remained active during Q1, despite continued competition from other blockchain networks.
The 13.2 million monthly active users marked a new high for the network. This showed steady demand across Ethereum-based platforms.
The increase came during a period of mixed price action across the crypto market.
However, network usage continued to rise during the quarter. As a result, Ethereum maintained strong activity beyond short-term trading moves.
Ethereum is quietly doing what most networks aspire to: growing users and activity simultaneously.
According to Token Terminal, Ethereum reached record usage in Q1 2026:
✔️ 13.2M Monthly Active Users (+53.5% QoQ)
✔️ 200.4M Transactions (+38% QoQ)
Those are not small… pic.twitter.com/wlO6R80y0S
— Lucky (@LLuciano_BTC) June 18, 2026
Transaction growth also supported the wider usage trend. Ethereum recorded 200.4 million transactions in Q1, up 38% from Q4.
This rise showed that users were still moving funds and using applications. The data also showed activity across several parts of the ecosystem.
Stablecoins, DeFi, tokenized assets, and trading platforms all supported demand. Therefore, Ethereum’s growth was not tied to one market area.
Layer 2 Networks Support More Activity
Layer 2 networks remained important to Ethereum’s Q1 growth. These networks helped users send transactions with lower fees.
They also allowed applications to serve more users during busy periods. At the same time, Layer 2 networks remained linked to Ethereum settlement.
This structure helped Ethereum keep its central role in the ecosystem. It also made the network easier to use for smaller transactions.
Lower costs have helped bring more users into Ethereum-based services. Retail users can access wallets, swaps, and payments with fewer cost barriers.
Therefore, Layer 2 growth supported wider use across the network. Developers also benefited from the growing user base.
More activity can support new apps in finance, gaming, payments, and assets. This helped keep Ethereum activity spread across different sectors.
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ETH Price Focus Turns To $1,300-$1,400
Although usage increased, ETH price action remained under pressure from wider market conditions.
Traders continued to monitor downside liquidity near $1,300 to $1,400. This range may become important if selling pressure continues.
$ETH is more likely to bottom before $BTC.
Most of the downside liquidity has been taken out.
Ethereum might sweep the $1,300-$1,400 zone, but after that, upside liquidity will start to look more interesting. pic.twitter.com/C8NAx7kytw
— Ted (@TedPillows) June 18, 2026
Some market watchers believe ETH could bottom before Bitcoin. This view is based on liquidity movement and relative price behavior.
However, it remains a trading view rather than a confirmed market outcome.
The $1,300 to $1,400 range is important because prior support can attract stop orders.
A move into that zone could clear remaining downside liquidity. Afterward, traders may watch for stronger buying interest above that area.
For now, Ethereum’s Q1 data showed clear growth in users and transactions. Its activity remained tied to Layer 2s, stablecoins, DeFi, and tokenized finance.
ETH’s next move will likely depend on liquidity and broader crypto demand.