- Ethereum’s network engagement hits 17.4M users as institutional staking and Layer 2 growth fuel historic ecosystem expansion.
- Bullish ETH structure forms an ascending triangle with strong trendline support, signaling potential breakout above $2,730 resistance.
- From 2022 to mid-2025, Ethereum shows exponential user growth with Base and Layer 2 networks driving consistent ecosystem momentum.
Ethereum continues to gain momentum, both fundamentally and technically. On-chain data and market structure point to growing confidence and sustained network usage. Abraxas Capital recently staked $7.5 million worth of ETH, marking another strong institutional move. Meanwhile, Ethereum’s weekly engagement just hit an all-time high, rising 17% from the previous week.
Besides, the entire Ethereum ecosystem shows exponential growth since 2022. The Total Ethereum Ecosystem chart highlights this clear upward trajectory. Base network activity dominates the visual data, with Layer 2 solutions and the Mainnet also contributing Moreover, user engagement now totals over 17.4 million. Ethereum Mainnet accounts for more than 2 million active participants, while Layer 2s contribute over 15 million users.
Network Growth Accelerates Toward Mid-2025
2024 marked the beginning of rapid expansion. Ethereum engagement soared, with consistent increases in all categories. Consequently, this consistent rise indicates expanding adoption and ongoing development across Ethereum’s stack. Additionally, activity rarely declined throughout the three-year period, showing solid demand and usage.
Source: Kyle
The post documenting this growth generated meaningful attention on social media. It attracted 14 comments, 8 retweets, and 95 likes within minutes. Hence, public interest remains high as Ethereum continues to break new ground in network performance.
Bullish Price Structure Supports Breakout Setup
From a technical perspective, Ethereum’s price action also looks promising. The ETH/USDT pair shows an ascending triangle formation on the 4-hour chart. Higher lows consistently push the price upward, forming a clear trendline. However, horizontal resistance around $2,720 continues to cap short-term upside moves.
Source: Crypto Fella
Currently, ETH trades at $2,614 after bouncing from trendline support. This rebound formed another higher low on June 1. Moreover, the pattern has held firm since early May, signaling continued accumulation within the tightening range.
A breakout above $2,730 could trigger a rally toward the $2,800–$2,950 zone. This area is marked as the next major resistance level. Additionally, strong demand exists between $2,000 and $2,150, where ETH bounced previously.
