Ethereum’s ecosystem in the spotlight
While price action often hogs the spotlight, Ethereum’s real flex lies in its ecosystem.
Source: X
The network just notched a record 15.4 million weekly active addresses — a 62.7% surge in only seven days. More than just noise, this signals broad-based participation across dApps, DeFi, and Layer 2s.
Speaking of which, Layer 2 dominance has quietly hit a new high at 6.65x, showing Ethereum’s scaling success.
Ethereum is steady, not sleepy
Ethereum was hovering just above $1,800 at press time, showing signs of stability after a volatile April. The RSI sat at 55, suggesting neutral momentum with slight bullish bias — neither overheated nor oversold.
Meanwhile, the MACD remained above the signal line and was trending upward, hinting at a slow-building bullish crossover.
Source: TradingView
The candles reflect low volatility, consolidating after a sharp recovery earlier this month. For now, ETH appears to be biding its time — caught between macro uncertainty and on-chain optimism.
A break above $1,850 could revive momentum, while support around $1,740 remains key if sentiment turns risk-off.
Samyukhtha L KM is a journalist with a keen eye on the ever-changing digital asset landscape - and a soft spot for memecoins. With a Bachelors in Commerce and a Masters in Journalism and Mass Communication, she’s always curious about whether the next big thing in blockchain is hype or history in the making. When she’s not tracking the latest market moves, she’s reflecting on what blockchain adoption really means in a world still largely rooted in traditional finance.