Ethereum Price Breakout Trigger Spotlighted, All You Need To Know

The second-largest digital asset, Ethereum (ETH), is drawing in fresh attention this week.

Recent data highlights a record spike in user activity amid growing network usage.

There are also signs pointing to a possible price breakout for the top altcoin. Industry watchers, for example, link user growth with technical patterns that mirror previous major market moves.

Ethereum User Surge Signals Growing Confidence

Ethereum has hit a new milestone featuring 20.2 million weekly active addresses, the highest figure ever recorded on the network.

This substantial number reflects growing interest in the network. Notably, this also signals that more people use Ethereum for chain transactions and activities.

Recent activity shows that 658,000 active users are now interacting across several blockchain layers.

This also shows how the network is stretching beyond its base chain. Activity on layer 2 networks, such as Arbitrum and Optimism, rose 75% over the past week.

These platforms help reduce fees and increase transaction speed, likely contributing to the spike.

The usage multiplier, now at 8.8x, suggests that users are doing more with each wallet address than before.

If anything, this change hints at more than just sign-ups; it shows real, active use.

The growth is not happening in isolation. In mid-June, a security issue on Solana caused users to shift focus toward Ethereum.

This move may reflect a search for more secure platforms. Many analysts trace this momentum back to Ethereum’s Dencun upgrade in March 2025, which brought major improvements in scalability.

Analysts at the Wilson Center also noted that Layer 2 growth outpaced Layer 1 by 60% in Q2 2023.

Notably, that trend is gaining strength again this year.

The Four-Year Pattern Could Be Back

In addition to the chain usage, the Ethereum four-year cycle is becoming a talking point again.

Based on previous movements in 2017 and 2021, Ethereum has followed a fairly steady pattern of peaking every four years.

This year fits into that sequence, and many analysts believe another major upward phase could be starting.

This cycle theory is supported by several months of slow price buildup. Charts now show a clear breakout structure, and traders see this as a sign that the next wave is forming.

The current price of $2,429.16 remains below past local highs. However, the setup looks familiar to those who have tracked the asset’s long-term rhythm.

While no two cycles are the same, the resemblance is enough to get both users and investors watching closely.

What the Data Means for Ethereum Price

The price of Ethereum may not remain steady for long. Strong user growth has created an active 4-year cycle.

Many analysts see signs of upward movement alongside expanding use of Layer 2 networks.

The push towards decentralized finance, especially after Europe’s MiCA regulations came into full effect months ago, strengthens this view further.

In addition, market participants believe that the Fusaka upgrade is the next key improvement for the Ethereum network, which could also directly influence its price outlook.

In an earlier update, we covered that analysts are bullish on a potential recovery to $2,750 resistance.

This suggests that a breakout of this level could trigger a rally to $3,000 and above.

While no prediction can be certain, the current mix of adoption and structure makes Ethereum one of the most closely watched assets in the digital space.

If this trend holds, its present value could be the start of something larger.

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