Ethereum Kicks Off 2025 with Renewed Momentum
Ethereum has kicked off 2025 with a strong resurgence in network activity, marking a significant turnaround from the final months of 2024. One of the clearest indicators of this renewed momentum is the sharp rise in the number of active addresses. According to data from IntoTheBlock, Ethereum’s average active address count has surged by 37% since November 2024, surpassing 620,000 last week — the highest figure recorded since March of the previous year.
This spike in active addresses coincides with a notable rebound in daily transaction volumes across the Ethereum network. After dipping to a 12-month low of around one million transactions per day, activity has bounced back to approximately 1.3 million daily transactions. This recovery suggests growing interest and participation within Ethereum’s decentralized ecosystem, from individual users to institutional players.
The decentralized finance (DeFi) space continues to play a pivotal role in Ethereum’s growth. Uniswap, Ethereum’s leading decentralized exchange, remains a key driver of this activity. With a commanding 22% share of the DEX market, Uniswap alone processes nearly $1 billion in daily trading volume. This highlights Ethereum’s enduring relevance as the backbone of the DeFi movement, despite the broader market’s fluctuations and the emergence of rival platforms and chains.
The recent uptick in Ethereum activity is not solely limited to retail participants. Institutional engagement appears to be picking up again as well. This resurgence comes on the heels of new investment flows into Ethereum-related products, including exchange-traded funds (ETFs) that had previously seen extended periods of outflows. For example, Ethereum ETFs recently recorded a positive inflow of over $64 million, suggesting that institutional confidence in ETH might be returning. This shift in sentiment is crucial, especially as Ethereum eyes larger adoption and more traditional finance integrations in the near future.
From a technical and on-chain perspective, several metrics support the notion of a bullish outlook for Ethereum. The rising number of active addresses is often considered a proxy for real user engagement and utility, rather than speculative price movement alone. When paired with consistent transaction volume and reduced miner selling pressure, it creates a strong case for continued upward momentum.
At the same time, Ethereum’s price action remains relatively stable. Trading just above $1,800 at press time, ETH has shown resilience following a volatile stretch in April. Technical indicators such as the Relative Strength Index (RSI) have been sitting near neutral levels, around 55, suggesting that the asset is neither overbought nor oversold. Meanwhile, the MACD is hovering above the signal line and trending upward, hinting at a slow but building bullish crossover. These signs of consolidation may indicate that Ethereum is preparing for its next move, especially as on-chain metrics paint a picture of strength and accumulation.
In summary, Ethereum’s recent surge in active addresses and transaction volumes highlights a renewed confidence across both the retail and institutional segments of the market. As participation continues to grow and capital flows back into Ethereum-based products, the outlook for the network and its native asset appears optimistic. Whether this leads to a push toward the $2,000 price mark remains to be seen, but the underlying fundamentals suggest that Ethereum’s foundation has rarely been stronger.
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