Ethereum returns to the old price cycle, new ATH in 2025?

* Ethereum's increasing on-chain activities are signs of growing acceptance and price potential

• Analysts predict Ethereum could surpass 20K USD by the end of 2025, based on historical trends

Ethereum [ETH] is attracting attention, with analysts' predictions of a new price peak in 2025. This optimism stems from Ethereum's historical price cycles, during which the asset surged after significant upgrades and network milestones. As the number of active addresses on the Ethereum network continues to rise, this adoption implies that ETH may be poised for another significant price increase.

When examined more deeply, it is clear that although Ethereum may be in a fairly quiet phase, its future still holds great promise.

Ethereum - A new price peak is waiting to welcome?

In fact, analysts have drawn a notable similarity between Ethereum's price cycles from 2016-2018 and 2024-2026 - a sign that ETH is replicating previous price increases. The chart has highlighted key turning points - February, May, and October 2021, indicating a similar path to a new price peak in 2025.

Source: X

History shows that this altcoin has surged on the chart after significant development events. With increasing institutional interest, this pattern may repeat.

If this model persists, ETH could aim to surpass 20K USD by the end of 2025, reinforcing optimistic sentiment. However, this still depends heavily on macroeconomic factors and market liquidity to see whether Ethereum can truly achieve the expected potential or not.

Network activity increasing - Optimistic signal for Ethereum

Ethereum's on-chain activities have also shown an increasing trend, with a 12.1% rise in the number of new addresses in the past week.

Recent data has highlighted new high-level patterns in creating new addresses, indicating increasing acceptance and participation in the network. This increase in participation often precedes significant price fluctuations, especially when a high number of users are active, signaling increasing demand.

Source: IntoTheBlock

History shows that the price of Ethereum has reacted positively to such trends, strengthening the optimistic prospects for the 2024-2025 period.

If this momentum continues, it could set the stage for the next major price increase of Ethereum, aligning with historical cycles and predictions of a new price peak.

Short-term resistance and momentum transition

Ethereum, at the time of writing, is showing signs of potential recovery, trading at $2,791.35 on the chart. Its latest upward trend seems to align with increasing on-chain activity, but important resistance levels need to be overcome for further price momentum.

As ETH has gradually formed higher lows, its ability to maintain upward momentum will depend on market sentiment and technical confirmation.

The first major resistance level to watch is around $2,850–$2,900, where ETH previously faced rejection. A successful breakthrough above this level could pave the way for testing the psychological barrier at $3,000. On the flip side, the $2,700 level seems to act as immediate support, with $2,500 serving as a strong foothold in case of a market-wide decline.

Source: TradingView

The technical indicators show that conditions are improving, but confirmation is still needed. The RSI has a score of 47.11 - Sign of neutral momentum. A move above 50 will signal increased buying pressure. At the same time, the MACD has also signaled a bullish crossover, which if sustained could reinforce the upward movement.

In fact, the price structure reflects a corrective phase, with ETH forming a basis for the potential breakthrough.

In the short term, Ethereum will continue at a crucial crossroads. A decisive push above the $2,850 level could ignite further gains towards $3,000 - $3,200, confirming a breakout. However, if ETH fails to overcome resistance, it may retreat to important support levels, keeping the price within a limited range.

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