Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric
Ethereum's price recently rallied to $2,800, generating bullish momentum. Currently, it aims to maintain a position above $2,500. Weekly engagement with Ethereum has reached an all-time high, with 17.4 million active addresses, marking a 17% increase in one week. The Layer 2 multiplier has risen to 7.55x, reflecting significant adoption of scaling solutions. Despite a 4.31% decline in cross-chain activity, overall engagement indicates growing user interest in the Ethereum ecosystem. Analyst XForceGlobal predicts Ethereum could reach between $9,000 and $10,000, citing a completed corrective structure and the start of a bullish phase. A specific target of $9,410 is projected for the next year, although a fallback to $576 is possible if a corrective wave occurs. Ethereum is currently trading at $2,493, with an intraday high of $2,537.
