Ethereum onchain activity hit a record 19M weekly users in May 2025, signaling surging adoption and renewed bullish momentum.
Layer 2 dominance rose 18.43% as Ethereum’s scaling solutions like Arbitrum and Optimism gained significant traction across users.
ETH rebounded from $2K lows in early 2025 and now targets the $5,165 resistance zone, mirroring previous post-correction rallies.
Ethereum is witnessing an explosive rise in onchain engagement, signaling increased adoption and strong network fundamentals. According to recent data, weekly active addresses soared past 19 million in May 2025. This marks the highest recorded figure since early 2022. Ethereum now shows a 16.95% week-over-week increase in address activity. Consequently, bullish sentiment around the asset continues to grow as ecosystem expansion intensifies.
Mister Crypto highlights a clear upward trend in Ethereum engagement since late 2023. Back then, weekly unique addresses fluctuated between 2 to 5 million. However, by early 2025, address activity surged past 15 million. A sharp spike occurred in May 2025, peaking at 19,000,000+ addresses. Hence, this reflects broader user engagement and adoption across the Ethereum ecosystem.
Source: Crypto General
Besides rising activity, Layer 2 usage is accelerating. The Layer 2 dominance metric jumped 18.43%, achieving a 7.55x increase. Additionally, over 590,000 users were active across multiple chains. Although this figure fell 4.31% from the prior week, it still signals strong cross-chain interaction. Moreover, color shifts on the activity bars show rising reliance on Layer 2 scaling solutions like Arbitrum and Optimism.
Ethereum Price Action Signals Bullish Continuation
Ethereum’s price structure mirrors its onchain growth. As Crypto General noted, ETH has consistently outperformed BTC recently. The current market structure shows Ethereum recovering from its recent dip below $2,000. Now, it trades around $2,562.48. The chart highlights a projected move toward the $5,165.82 resistance zone. That target aligns with previous highs from 2021.
Source: Mister Crypto
Two major corrections shaped Ethereum’s trajectory. The first one occurred in late 2021, dropping from $4,800 to under $1,000 by 2022. The second, from early 2024 to 2025, saw another steep decline. However, both declines were followed by strong recoveries. Each recovery began with a breakout from previous consolidation zones.
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