TLDR
- Ethereum increased by 5% in one day and reached over $ 3,200
- Active Ethereum addresses increased by 37% to 670,000 in recent months
- Analysts predict potentially $ 4,000 goals based on Haussearted pennant patterns
- Long-term forecasts suggest possible $ 9000- $ 10,000 interval in 3-4 months
- Key support range identified between $ 2.230 $ 2,610 with 11.99 million wallets holding 62.27 million ETH
Ethereum has shown renewed strength in the crypto market, To publish a 5% profit in a single day and successfully break through the price level of $ 3,200. This movement comes when the network experiences a significant increase in user activity and technical indicators suggest potentially further upwards.
The second largest Cryptocurrency has shown resistance to broader market printing, including the latest Federal Reserve statements. This price action has aroused Ethereum within 33% of its previous all-time highCatch attention from both retail and institutional investors.
Network data from Intoteblock reveals a significant increase in active Ethereum addresses, which have grown by 37% in recent months. The current number is at 670,000 active addresses, up from about 400,000 in early 2024, which indicates growing network use and adoption.
Market analyst Elite emphasized Ethereum’s performance in connection with the latest macroeconomic events. “Despite the FED’s Hawkian signals yesterday, ETH broke past the Dollar brand and showed impressive resilience,” Elite noted and pointed to the increase in the chain as a supportive factor for the price movement.
Technical analysis from Worldofcharts identifies a developingly haus -like pennant pattern in Ethereum’s price structure. This formation, which is characterized by a consolidation period within a declining interval, often precedes continued upward movement when it is broken up to the upside.
$ #Eth Consolidation within the dense range of haussearted pennants, soon expects upwards. https://t.co/gq5sybikfa pic.twitter.com/b36vrnn9qm
– World of Charts (@Worldofcharts1) January 30, 2025
The price level of $ 4,000 has emerged as an important target for traders and analysts looking at the market. This price point represents a large resistance area which, if broken, can open the way to new price cooking phases for the asset.
Trade data shows increasing volume that comes with the latest price movements and provides further credibility to the upward trend. This combination of price measures and volume growth often indicates sustainable market movements rather than temporary price nails.
Market strategist Ted has observed the formation of higher lowness on longer time frames, which traditionally signals to build hausseartat momentum. “Ethereum forms higher lows on the longer time frame. $ 4K is still the most important level, and the recycling of it will send ETH to New ATH, ”Ted stated in a new market analysis.
On-Chain Metrics reveals a strong support zone between $ 2.230 and $ 2,610, where approximately 11.99 million wallets currently have 62.27 million ETH. This concentration of holdings can provide a robust price floor if each marketing occurs.
Historical pattern analysis shows that Ethereum has formed falling wedge patterns 2021, 2024, and now 2025. These patterns have previously preceded remarkable price movements, which indicates potential future volatility.
Market value at realized value (MVRV) quota, a key measurement for valuing Cryptocurrency, has recently dipped during its 160 -day sliding average. This movement reflects a similar scenario from June 2024, when ETH experienced a decline of 40%.
Trade volumes over large exchanges show balanced purchases and sales prints, with slightly higher accumulation rates in wallets that hold between 100 and 1,000 ETH. This suggests continued interest from medium -sized investors.
Short -term price measures show consolidation above $ 3,200, with declining volatility as the market melts the latest gains. Trade intervals have decreased, often a precursor to larger price movements in both directions.
The network’s technical grounds remain strong, with steady growth in both transaction bills and gas use, which indicates a continued practical application of the Ethereum network in addition to speculative trade.
New market data indicates an increase of 37% in daily active addresses in recent months and reaches 670,000 from the previous 400,000 level that was registered in early 2024.
