Ethereum's rising on-chain activity may lead to an all-time high in price by 2025, according to analysts.
Ethereum's Future Outlook
Ethereum may currently be in a quiet phase, but its future looks promising. Analysts have drawn parallels between Ethereum’s 2016-2018 and upcoming 2024-2026 price cycles, suggesting a trajectory towards an ATH in 2025.
Rising Network Activity
Ethereum’s on-chain activity is also increasing, with new addresses growing by 12.1% over the past week. Such an increase often precedes major price movements, as a higher number of active users typically signals rising demand.
Technical Analysis and Key Levels
At the time of writing, Ethereum was showing signs of potential recovery, trading at $2,791.35. However, key resistance levels must be overcome for further upside. The first major resistance to watch is in the $2,850–$2,900 range. A successful breakout could pave the way for a test of the $3,000 mark. Technical indicators suggest improving conditions, but further confirmation is needed.
If current trends continue, Ethereum could reach new heights. However, overcoming key resistances and confirmation from technical indicators are necessary.
