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Ethereum is again sharp in the focus on the crypto market After a recent rally up to $ 2,800 that has added Fresh layers of bullish momentum To his long -term story. At the time of writing, Ethereum tries to register a foot above $ 2,500, but this modest price action masks what an analyst calls one of the most critical technical and un-chain moments in the recent history of Ethereum.
Ethereum weekly engagement is highing record
According to Crypto Patel, a crypto analyst on the social media platform X, Ethereum’s weekly involvement has reached a record high and surpassed all earlier peaks that have been seen since 2022. The corresponding graph below shows a steep rise in the number of unique addresses that interact with the Ethereum ecosystem.
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According to to the most recent dataThe number of weekly active addresses is 17.4 million, which represents an increase of almost 17% in just seven days. May 2025 in particular saw the most important growth of involvement, with each of the last three weeks Witness of at least 15 million active addresses. In the meantime, the Layer 2 is more different, which reflects the acceptance in the scale solutions of Ethereum, risen to 7.55x, which marks a jump of 18.63% for the same period.
Crypto Patel described the development as impossible to ignore, adding that the momentum is quickly building and followers warned to stay ready while Ethereum is preparing for what a dramatic next leg could be. “It is impossible to ignore $ ETH now,” he noticed. Despite a small decrease of 4.31% in the activities of the cross-chain in the last seven days, the overall engagement trend confirms that more users enter the Ethereum ecosystem.
Analyst predicts $ 9,000 to $ 10,000 ETH price objective
As a supplement to the chain, a broader technical perspective that is offered by another crypto analyst who is known as XFORCEGLOBAL on the social media platform X. A detailed Elliott golf analysis Also shared on X, the analyst noticed that Ethereum has successfully completed a complex corrective structure and is now ready to enter a powerful new impulsive phase. According to the graph, the Beerarish scenario was made invalid by recent price behavior and a New Bullish Cycle is now underway Because Ethereum is currently playing a bullish B golf.
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If this Bullish B golf takes place as expected, projects XFORCEGLOBAL A big price increase with A target range between $ 9,000 and $ 10,000 for Ethereum. In particular, the analyst identified a price target of $ 9,410 for somewhere in the following year.
However, the analyst outlines a hypothetical fallback to the $ 576 zone if the C Corrective Wave unfolds. Nevertheless, the current wave structure shows an increased chance that Ethereum rises higher instead of breaking down. The analyst concluded by saying: “We can now scrape the Bearish case with trust. The impulse opened the door for potential new highlights.”
At the time of writing, Ethereum acts at $ 2,493 with a recent intraday height of $ 2,537.
Featured image of Getty Images, Chart van TradingView.com