Ethereum weekly active addresses hit a new high, possibly brewing a new round of market rally

2025-12-17 15:20:10

【Crypto World】Recently, Ethereum’s on-chain activity has been quite high. Weekly active addresses have approached a historical peak, reaching about 2.4 million, mainly driven by the continuous expansion of tokenization and stablecoin applications.

From a technical perspective, Ethereum is approaching a long-term upward trend line that has been in place since 2016. Each time it nears this line, it often signals a market reversal point. Historically, before several major bull markets, the price repeatedly tested this level, so the current pattern is indeed worth paying attention to.

However, caution is also needed regarding downside risks. If the monthly close falls below $2930, the downward space could directly extend to $2000, which would be a rapid decline. Conversely, the $4770 level is a strong resistance above, and caution is advised before breaking through.

ETH0.16%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

22 Likes

Reward
22
9
Repost
Share

Comment

0/400

HappyToBeDumped

· 12-20 15:17

2.4 million addresses have broken records. If there's no bull market this time, I'll just liquidate everything.

View OriginalReply0

SatoshiSherpa

· 12-18 20:04

2.4 million active addresses, is this really different this time? Feels like every time it's said to be a new all-time high...

View OriginalReply0

NftBankruptcyClub

· 12-17 15:50

2.4 million addresses just want to scare me, is the trend line from 2016 really that accurate?

View OriginalReply0

MissedAirdropAgain

· 12-17 15:50

2.4 million addresses are thinking of 2018 again, back then it was also the peak of popularity

View OriginalReply0

LazyDevMiner

· 12-17 15:46

2.4 million addresses, so what? Let's see if it can break through 4770 before talking.

View OriginalReply0

BrokenDAO

· 12-17 15:46

2.4 million addresses? Looks lively, but you have to ask how many are genuine interactions vs. arbitrage bots spamming data. This incentive mechanism has been broken for a long time.

View OriginalReply0

liquiditea_sipper

· 12-17 15:43

Time to test repeatedly again, isn't it? This never ends.

View OriginalReply0

SignatureCollector

· 12-17 15:42

2.4 million active addresses, sounds good, but 4,770 is still too far away.

View OriginalReply0

AirdropATM

· 12-17 15:39

2.4 million active addresses approaching historical highs, is this time really different?