Ethereum is making noise again, with ETH price ticking up steadily and Ether analysts whispering about a possible all-time high on the horizon.

Momentum is building fast, fueled by rising adoption, a flood of ETF inflows, and shifting political dynamics. Together, these factors are stacking up to position Ether for both near-term gains and long-term dominance.

Active Addresses on Ethereum Surge by 36% Month-On-Month

Ethereum’s

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bullish pulse is impossible to miss, with active blockchain addresses spiking 36% over the last month. Numbers don’t lie—306,000 to 417,000 participants isn’t a gentle uptick; it’s evidence of a network firing on all cylinders.

The rise isn’t hype-driven but a clear signal of organic demand driving adoption – symptomatic of an unfurling bull run.

CryptoQuant expert Burak Kesmeci pointed out how this growth reflects a resurgence of interest from retail and institutional users, fueling a fresh wave of optimism across the Ethereum ecosystem.

“This growth indicates an organic resurgence of interest and increased participation from users,” Kesmeci noted. “The link between active addresses and price progression illustrates genuine demand, distinguishing this from speculative cycles of the past.”

This uptick couldn’t have come at a better time, as Ethereum builds momentum to potentially break past its all-time high.

Bullish Momentum Behind Ether and Ethereum ETF Flows

Beyond the user activity boom, Ethereum also benefits from substantial crypto-related ETFs inflows. Recent data revealed $1.41 billion pouring into spot ETFs, setting the stage for sustained interest from institutional players.

These inflows are thought to provide much-needed price stability, offering a solid foundation for Ethereum’s bullish movement.

#ETHEREUM CAN BREAKOUT ANY MOMENT NOW. pic.twitter.com/YkOfZrb66N

— Crypto Rover (@rovercrc) December 9, 2024

Fellow trader Poseidon echoed similar sentiments, predicting Ethereum could break out of a long-standing range to achieve far greater highs.

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Political Tailwinds Boost Market Sentiment

The U.S. election results have also contributed to Ethereum’s recent rally. The victory of a crypto-friendly president has rekindled investor confidence in the financial markets. This sentiment and Ethereum’s 70% price surge since November have helped ETH stabilize around $4,000—its highest point in nine months.

Political clarity and favorable regulatory prospects provide Ethereum with a much-needed runway to attract new capital and users. Analysts believe these conditions could pave the way for an “altseason” by early 2025, with Ethereum leading the charge toward broader market recovery.

From a technical standpoint, Ethereum appears primed for a significant move. Current resistance is pegged at $3,800, a level 99Bitcoin’s analysts say could pave the way for retesting its all-time high of $4,878. Further support for this bullish narrative comes from increased ETF flows and growing retail participation, indicating lasting confidence among investors.

With Ether already showing structural changes and consistent upward momentum, some experts believe a 24% weekly gain to hit a new high isn’t out of the question. Others even speculate that institutional buying from ETFs and growing inflows will catalyze sustained price appreciation.

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Will Ethereum Price Break Records?

(ETHUSDT)

Ethereum hit all-time negativity this year, which only further builds a case that we could see a huge reversal.

Ethereum’s foundation has never looked sharper. A solid network, a swelling user base, and macro conditions tilting in its favor are stacking the deck for Ether. Sure, nothing’s set in stone, but the ground beneath it feels steady enough for another historic run.

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The post Ethereum Charts Hint at a Potential New ETH ATH This Week appeared first on 99Bitcoins.