- Ethereum’s rising on-chain activity is a sign of growing adoption and a 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 ATH in 2025. This optimism is grounded in Ethereum’s historical price cycles, which have seen the asset surge following key upgrades and network milestones. Coupled with the increasing number of active addresses on the Ethereum network, this growth in adoption means that ETH could be primed for another major price rally.
As we dig deeper, it is evident that while Ethereum may be in a relatively quiet phase right now, its future remains highly promising.
Ethereum – Is a new ATH on the horizon?
In fact, analysts have drawn a striking parallel between Ethereum’s 2016-2018 and 2024-2026 price cycles – A sign that ETH has been mirroring its previous bull runs. The chart highlighted key inflection points too – February, May, and December, indicating a similar trajectory towards an all-time high in 2025.
Source: X
Historically, the altcoin has surged on the charts 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, that is a long shot – Macroeconomic factors and market liquidity will ultimately determine whether Ethereum fully realizes its projected upside.
Rising network activity – A bullish signal for Ethereum
Ethereum’s on-chain activity has been on an uptrend too, with new addresses surging by 12.1% over the past week.
In fact, recent data highlighted a pattern of higher highs in new address creation, indicative of growing adoption and network engagement. Such a hike in participation often precedes strong price movements. Especially as a higher number of active users typically signals rising demand.
Source: IntoTheBlock
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 the forecasts of a new ATH.
Short-term resistance and momentum shift
Ethereum, at press time, was showing signs of a potential recovery, trading at $2,791.35 on the charts. Its latest uptrend seems to be in line with increasing on-chain activity, but key resistance levels must be cleared for further upside.
While ETH has been gradually forming higher lows, its ability to sustain 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 pave the way for a test of the psychological barrier at $3,000. On the downside, $2,700 seemed to be serving as the immediate support, with $2,500 acting as a stronger safety net in the event of a market-wide pullback.
Source: TradingView
Technical indicators hinted at improving conditions, but confirmation is still needed. The RSI had a reading of 47.11 – A sign of neutral momentum. A move above 50 would signal increasing bullish pressure. Meanwhile, the MACD flashed signs of a bullish crossover too, which, if sustained, could reinforce upward movement.
In fact, 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.
