Jun 9, 2025
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Ethereum Weekly Engagement Reaches All-Time High with 17.4 Million Active Addresses
Ethereum is experiencing renewed attention in the crypto market following a rally to $2,800. Currently, it is attempting to stabilize above $2,500 amidst significant technical developments.
Record Weekly Engagement
- Ethereum's weekly engagement has reached an all-time high, surpassing previous levels since 2022.
- Weekly active addresses increased to 17.4 million, up nearly 17% in one week.
- The Layer 2 multiplier for Ethereum’s scaling solutions rose to 7.55x, an 18.63% increase during the same period.
Despite a minor decline in cross-chain activity, the trend indicates growing user participation in Ethereum's ecosystem.
Price Predictions
- Analyst XForceGlobal predicts Ethereum could reach between $9,000 and $10,000, with a specific target of $9,410 within the next year.
- A potential fallback to $576 is noted if a corrective wave occurs, but current trends suggest upward momentum is more likely.
- The bearish outlook has been dismissed, indicating the possibility of new highs for Ethereum.
Currently, Ethereum is trading at $2,493, having peaked at $2,537 recently.
