- The increase in wallet activities and developer engagement at Ethereum indicates an upcoming rally.
- Positive technical indicators and strong resistance levels indicate that Ethereum is ready for an outbreak.
For Ethereum (ETH) it looks like a comeback, with an increase in network activity, a solid commitment of the developers and charts to be interpreted positively. After a big slump in the last month, the ETH course has recovered sharply and is now over $ 1,700.
He has not yet reached the annual high, but the signs are clear: a rally is at the start. Analysts And dealers are eagerly awaiting the outbreak.
Wallet activity increases significantly in 48 hours
Ethereum recorded an increase in active wallets by 10 %within 48 hours, from 306,211 to 336,366. This happened during the price on April 20 a local low of $ 1,585.70. More committed owners are getting in.
Ethereum is Heating Up!
“Ethereum’s active addresses jumped from 306,211 to 336,366, representing a 9.85% increase in just 48 hours” – By @oro_crypto
Read the full analysis
https://t.co/g55MiVnmOo pic.twitter.com/brIHtXx3Sx
— CryptoQuant.com (@cryptoquant_com) April 23, 2025
If the activity in the wallets increases during a decline in the course, it means that long -term investors hoard. The course correction could have created the prerequisite for a large price movement that has already started.
After increasing the wallet activity, the ETH course quickly rose to $ 1,756 again until April 22, which corresponds to an increase of 24% compared to the temporary low. Analysts say that this is a positive change of mood that creates the prerequisite for a housesee.
Developer activity and network growth strong
One of the main reasons for the potential housese of Ethereum is the continuing leadership in developer activities. Ethereum is still number 1 in the blockchain ecosystem when it comes to the commitment of the developers.
In April 2025, ETH recorded almost 2,500 code commits. Solana (Sol), Near Protocol (Near) and Cosmos (atom) each had fewer than 1,500 commits.
This level of developer activity is important for the long -term health of Ethereum. The constant flow of code commits means continuous network improvements such as new functions, security upgrades and error fixes.
These updates are the key to scalability and safety of the blockchain, especially since Ethereum forms the basis for Defi, NFTS and Layer 2 solutions. For long -term owners, this is a great conviction that ETH will continue to be the dominant blockchain.
Positive technical data indicate trend reversal
From a technical point of view, there are several positive signs at Ethereum. ETH has just printed a golden cross on the charts, a classic pattern in which the short -term moving average crosses over the long -term. This is often a sign of a trend reversal.
In addition, Ethereum is currently in the lower area of the Ichimoku cloud, a zone that signals trend reversations. Should Ethereum break out of this barrier, this could trigger further upward movements.
In addition to the Golden Cross, the ETH course has shown a strong movement above important levels. As of April 26th, ETH is $ 1,772 and therefore slightly above the recent deep stalls. Dealers observe the key brands of $ 1,800 and $ 1,895, which represent important resistance brands.
A breakthrough over these levels could lead to further upward movements. As CNF reported, the TD sequential on the weekly chart shows a setup 9, which historically means an end to the downward trend and a potential new upward trend.
Ethereum has increased well, but is still on a critical resistance. The next important goal for ETH is $ 2,150, and it depends on this level whether the coin can hold the upward trend. If Ethereum breaks out above this level, it could rise to $ 3,000 or more, depending on the wider market.
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