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Ethereum is back on the bright market on the cryptography market After a recent rally at $ 2,800 added New layers of bullish impetus to his long -term story. At the time of writing the time of writing, Ethereum tries to register above $ 2,500, but this moderate price action masks what an analyst calls one of the most critical technical and chain in the history of Ethereum.
Ethereum weekly engagement strikes the high record
According to Crypto Patel, a crypto analyst on the social media platform X, Weekly engagement of Ethereum has reached a summit of all time, exceeding all the previous peaks observed since 2022. The table below shows a sharp increase in the number of unique addresses interacting with the Ethereum ecosystem.
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According to to the most recent dataThe number of weekly active addresses amounts to 17.4 million, which represents an increase of almost 17% in just seven days. In particular, May 2025 saw the most important growth in the commitment, with Each of the last three weeks Assist at least 15 million active addresses. Meanwhile, layer 2 multiplier, which reflects adoption in Ethereum scale solutions, is climbed to 7.55x, marking a leap of 18.63% over the same period.
Crypto Patel described development as impossible to ignore, adding that the momentum is building quickly and warned subscribers to stay ready when Ethereum is preparing for what could be a next dramatic step. “It is impossible to ignore $ ETH at the moment,” he said. Despite a minor drop of 4.31% of the cross -activity in the last seven days, the overall engagement trend confirms that more users are entering Ethereum ecosystem.
The analyst plans the price target of $ 9,000 to $ 10,000
Completing this chain dynamic is a broader technical perspective offered by another Crypto analyst known as Xforceglobal on the social media platform. A detailed analysis of the Elliott waves Also shared on X, the analyst noted that Ethereum has achieved a complex corrective structure and is now ready to enter a new powerful impulsive phase. According to the graph, the lowering scenario was invalidated by the recent price behavior and a A new bullish cycle is now underway As Ethereum is currently playing a bullish B wave.
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If this bullish B wave takes place as planned, Xforceglobal projects a sharp increase in prices with A target varies between $ 9,000 and $ 10,000 for Ethereum. More specifically, the analyst has identified a price target of $ 9,41 for a day the next year.
However, the analyst describes hypothetical aid in the $ 576 zone if the Corrective Wave takes place. Nevertheless, the structure of the current wave shows an increased probability of Ethereum which increases rather than decomposing. The analyst concluded by declaring: “We can now scratch with confidence the lower case. The impulse opened the door to new potential heights. ”
At the time of writing the editorial staff, Ethereum is negotiated at $ 2,493 with a recent intraday summit of $ 2,537.
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