Ethereum swings fiercely between $2,380 and $2,800, as traders weigh fear and greed against the network’s blazing activity.
Over 20.2M active addresses power Ethereum’s rally, signaling real user demand beyond pure speculation and price noise.
Layer 2 growth and cross-chain activity spark fresh energy in Ethereum, hinting at higher targets like $3,200 ahead.
Ethereum is trading at $2,415.59, locked in a range that has traders buzzing as network numbers break records. This keeps flashing familiar price patterns from the past, keeping bulls and bears locked in a tense standoff.
Ethereum Price Action Keeps Traders Guessing
Ethereum is bouncing between $2,380.00 and $2,800.00, and anyone staring at charts knows how fierce this range is. This zone has become a minefield, where price whipsaws spark fear and greed in seconds.
Support near $2,380.00 keeps catching dips, daring traders to load up or bail out before the next push. Ethereum took a punishing drop from $2,800.00 down to about $2,060.00, sending panic through leveraged positions.
Source: Crypto Rover
Yet price fought back, climbing toward $2,415.59 and now sits coiled, ready for another strike either way. Red arrows mark vicious rejections of resistance, leaving traders cautious about chasing every green candle.
Green arrows show rebounds from lows, whispering that big wallets might be accumulating behind the scenes. These sharp candles keep dropping clues, hinting at a possible breakout or another nasty rug-pull. Many traders keep replaying 2019 in their heads, wondering if this setup could explode like it did back then.
Network Data Lights Up the Board
Ethereum isn’t only moving in price - it’s exploding with monstrous on-chain numbers. New figures clock over 20,215,357 active addresses, a jaw-dropping 52.71% surge in just one year. Such a spike screams that Ethereum isn’t just coasting on hype; it’s buzzing with real activity.
Ethereum’s ecosystem has 657,838 addresses active across multiple chains, revealing users chasing more than just price. They’re exploring dApps, staking, and cross-chain opportunities, eager to squeeze value from every token.
Source: CryptoGoos
Layer 2 momentum keeps surging, with Ethereum’s multiplier at 8.80x - a hefty 74.70% leap higher. Chart bars now stand tall like towers, eclipsing the flat stretches from previous years. Traders eye May 2025’s spike as a signal that something massive could be waiting beneath the surface.
These booming metrics keep screens glowing as traders are waiting for the price to crack $2,800.00 and target $3,200.00 next. Right now, Ethereum sits at the intersection of chaos and potential, daring traders to either stand back or jump in. Ethereum continues to own the spotlight because its price structure and user activity just refuse to fade away.
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