According to data from GrowthePie, in the last week of May 2025, Ethereum's network confirmed weekly user engagement was at an all-time high.
The data shows a record spike in the number of unique wallet addresses that interact with one or more chains within the Ethereum ecosystem.
Ethereum Weekly Engagement. Source: growthepie.com/x
Weekly Active covers the top 17.4 million. Layer 2 networks lead growth
In the last week of May 2025, the number of unique active addresses reached 17,409,932. Compared to the previous week, 16.95% is solidified. Surge pushed Ethereum engagement levels far exceeded the previous peaks seen in late 2024 and early 2025.
However, while full engagement was increasing, multichine activity actually fell by 4.33%. The number of addresses interacting with multiple chains has dropped to 590,403. This suggests that most of the increased engagement comes from users interacting with a single chain rather than multiple layers.
Layer 2 network leads charging
Data also show that the advantage of Layer 2 (L2) rose by 18.43% over the same week, with Layer 1 activity reaching 7.55 times. This shows the strong momentum of Layer 2 Ethereum scaling solutions such as Optimism, Arbitrum, and Bass.
From early 2022 to May 2025, this chart shows steady growth in user engagement. The Ethereum ecosystem had plateaus and declines in 2022 and early 2023, but activity began to rise steadily from mid-2023. Engagement accelerated sharply from early 2024, reaching its peak at its high in May 2025.
This data reflects the growing demand for distributed applications (DAPPS), staking, token swap, and layer 2 rollups across the Ethereum network.
ETH Prices face pressure and slip under key EMA support
On June 5, 2025, the Ethereum to US Dollar (ETH/USD) pair showed weakness in the 4-hour chart. The price fell 1.04% to $2,563.4 after opening at $2,590.8. Ethereum tested a low of $2,558.5 during the session. The 50th period's exponential moving average (EMA) placed at $2,587.8 is currently serving as a resistance.
Ethereum / Us Dollar – 4-hour chart. Source: tradingView.com
Price action remains under this EMA, suggesting that short-term sentiment has changed bearishness. Previous support from the moving average is no longer retained, and the price will be traded for the first time since May 28th.
Below the chart, the Directional Motion Index (DMI) emphasizes weakening bullish momentum. The positive directional index (blue) is 17.95, and the negative directional index (red) is 15.10. Both lines hover near the mean directional index (orange) located at 17.05. This configuration shows the indecisiveness of the trend, but as long as the blue line is above the red, it is slightly bullish.
In this 4-hour window, trading volume reached 184 ether. However, volume spikes at session closing did not result in a strong recovery. This confirms buyer hesitations close to the current level.
User growth alone does not guarantee high ETH prices
Despite the surge in engagement, ETH prices are well below the all-time high of $4,878, recorded in November 2021. Increased activity often reflects an increase in demand, but there is no direct correlation between user growth and immediate price surges.
Related: Ethereum Foundation sets a 2.5-year financial buffer policy as Consensys acquires $320 million ETH
For now, Ethereum will need to first step above $2,588, regaining its previous support level and shifting the trend. Without buying strong momentum, the price alone does not confirm movement towards new highs.
The increase in active addresses shows strong fundamentals and long-term interest, but the technical resistance zone remains intact. Until ETH crosses these barriers with volume support, recent user growth remains a network metric, not a price driver.
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