Ethereum’s Rising On-Chain Activity: A Sign of Growing Adoption and Potential Price Surge

Analysts predict Ethereum could surpass $20,000 by late 2025, based on historical trends.

Ethereum (ETH) is once again attracting the spotlight, with analysts forecasting a potential all-time high (ATH) in 2025. This optimism stems from Ethereum’s historical price cycles, which have seen the asset surge following key upgrades and network milestones. The growing number of active addresses on the Ethereum network suggests that ETH could be primed for another major price rally.

As we dig deeper, it is evident that while Ethereum may currently be in a relatively quiet phase, its future remains highly promising.

Is a New ATH on the Horizon?

Analysts have drawn parallels between Ethereum’s 2016-2018 and 2024-2026 price cycles, suggesting that ETH has been mirroring its previous bull runs. Key inflection points have been highlighted—February, May, and December—indicating a similar trajectory towards an ATH in 2025.

Historically, the altcoin has surged after key developments. With institutional interest rising, this pattern could repeat itself.

If this fractal pattern holds, ETH could be on track to surpass $20,000 by late 2025, reinforcing bullish sentiment. However, macroeconomic factors and market liquidity will ultimately determine whether Ethereum realizes its projected upside.

Rising Network Activity: A Bullish Signal for Ethereum

Ethereum’s on-chain activity has been on an uptrend, with new addresses increasing by 12.1% over the past week.

Recent data has shown a pattern of higher highs in new address creation, indicating growing adoption and network engagement. Such a rise in participation often precedes strong price movements, as more active users typically signal rising demand.

Historically, Ethereum’s price has responded positively to such trends, reinforcing the bullish outlook for 2024-2025. If this momentum continues, it could provide the foundation for Ethereum’s next major rally, aligning with historical cycles and forecasts of a new ATH.

Short-Term Resistance and Momentum Shift

At press time, Ethereum was showing signs of a potential recovery, trading at $2,791.35. The latest uptrend appears to align with increasing on-chain activity, but key resistance levels must be cleared for further upside.

While ETH has been forming higher lows, sustaining upward momentum will depend on market sentiment and technical confirmation. The first major resistance to watch is in the $2,850–$2,900 range, where ETH has previously faced rejection. A successful breakout above this level could lead to testing the psychological barrier at $3,000. Conversely, $2,700 seems to be the immediate support, with $2,500 acting as a stronger safety net in case of a market pullback.

Technical indicators pointed at improving conditions, but confirmation is still needed. The RSI had a reading of 47.11, indicating neutral momentum; a move above 50 would signal increasing bullish pressure. Meanwhile, the MACD showed signs of a bullish crossover, which, if sustained, could reinforce upward movement.

The price structure itself reflected a consolidation phase, with ETH forming a base for a potential breakout.

In the short term, Ethereum will remain at a critical juncture. A decisive push above $2,850 could ignite further gains towards $3,000–$3,200, confirming a bullish breakout. However, if ETH fails to overcome resistance, it may revisit key support levels, keeping the price action range-bound.