Ethereum Gains 30% User Growth: Is ETH Ready for Takeoff?

TLDREthereum users rose 30% this week, showing strong network activity.Base Layer-2 now leads with 7.6M users, driving ecosystem growth.Analysts see $2,100–$2,250 as a key buy zone if ETH dips.BlackRock’s ETF update boosts Ethereum’s liquidity potential.Ethereum remains strong with rising demand and institutional interest.Ethereum’s momentum remains strong as analysts highlight a potential buy zone between $2,100 and $2,250. The network is witnessing a sharp increase in activity, supported by a 30% surge in weekly active addresses. Meanwhile, BlackRock’s updated ETF filing strengthens liquidity prospects and reflects rising confidence in Ethereum’s long-term role in finance.Ethereum Network Activity Surges With 30% Rise in UsersEthereum’s on-chain metrics continue to climb as weekly active addresses surged by 30%. The growth reflects increasing demand across the Ethereum ecosystem, signaling deeper engagement from new and existing users. This trend supports price strength and builds momentum ahead of potential corrections.#Ethereum is booming!Weekly active addresses just surged +30%!What’s behind it? @base leads the charge with 7.6M users @arbitrum & @Optimism Newcomers @soneium & @worldcoin gaining fast (~990K users combined)The #ETH ecosystem has never been more alive. pic.twitter.com/cAECzLZMLm— Leon Waidmann (@LeonWaidmann) May 12, 2025Base, Ethereum’s Layer-2 network backed by Coinbase, now leads activity with over 7.6 million unique users. Its rapid growth points to a broader migration trend toward faster and more affordable Ethereum solutions. This surge has also spread across other rollups and emerging platforms.Newer platforms like Soneium and Worldcoin are gaining traction, contributing nearly one million users combined. These networks are helping Ethereum scale and onboard new users into decentralized applications. The ecosystem shows strong signs of expanding utility and adoption across segments.Analyst Targets $2,100-$2,250 as ETH Correction ZoneMichaël van de Poppe has identified a key opportunity if Ethereum’s price dips between $2,100 and $2,250. This level is now viewed as a possible entry point in the event of a broader market correction. He expects any retracement to remain shallow and short-lived.If the markets provide a correction, then I'd be interested in anything between $2,100-2,250 for $ETH.I expect shallow corrections, but would be diving into these as opportunities. pic.twitter.com/MiGFhSQ90P— Michaël van de Poppe (@CryptoMichNL) May 12, 2025Price action remains favorable, supported by growing user metrics and strong fundamentals across Ethereum’s infrastructure. The bullish outlook aligns with increased demand for Layer-2 platforms and new decentralized services. This momentum helps cap downside risks while encouraging strategic accumulation.Ethereum’s current structure shows resilience despite broader market fluctuations in the past few days. Short-term pullbacks may create new accumulation zones for market participants awaiting entry. This aligns with a wider trend of price stabilization near the $2,250 zone.BlackRock’s Amended ETF Filing Could Boost ETH LiquidityBlackRock submitted an updated S-1 for its Ethereum Trust ETF with notable changes supporting in-kind creation and redemption. This model would allow direct exchange of Ethereum rather than relying on cash settlements. It mirrors the structure used by traditional spot ETFs.The amendment could significantly increase on-chain liquidity by enabling easier entry and exit using native Ethereum. This process enhances operational efficiency while aligning with SEC guidelines. BlackRock’s change also indicates a substantial long-term interest from traditional financial institutions.The ETF’s approval would mark a significant step for Ethereum’s integration into mainstream finance. It demonstrates growing alignment between digital asset products and regulated investment structures. If the ETF gains approval, the Ethereum market may benefit from increased capital access.Future OulookEthereum’s ecosystem continues to gain strength across key metrics, supported by rising usage and institutional moves. Technical analysts see value between $2,100 and $2,250, while ecosystem growth accelerates. These factors position Ethereum for continued resilience and expansion across global markets. The post Ethereum Gains 30% User Growth: Is ETH Ready for Takeoff? appeared first on CoinCentral.