Ethereum is hitting record-breaking activity on-chain, yet Ethereum price predictions haven’t caught up, and pressure is building beneath the surface.

Weekly active addresses just hit a new all-time high of 706,000, surpassing the peak of the last bull run as adoption surges across the network.

Despite this on-chain strength, market participation remains selective. Whales are the only cohort accumulating, with wallets holding 10,000–100,000 ETH adding roughly 190,000 ETH over the past week.

Retail behavior tells a different story. Wallets in the 1,000–10,000 and 100–1,000 ETH brackets have continued to reduce exposure, likely reacting to macro uncertainty with geopolitical tensions between the U.S. and NATO over Greenland.

While metrics show a disconnect between fundamentals and market behavior, technicians show bullish momentum quietly building beneath the surface for the altcoin.

Ethereum Price Prediction: Key Line Could Trigger Explosive Move

Since Ethereum carved out a local bottom in November, a clear sequence of higher lows has established a decisive support trendline, compressing price against upper resistance.

This forms a 2-month symmetrical triangle, now nearing its apex – making the next retest of support its potential last before a breakout or breakdown.

That structure has formed a two-month symmetrical triangle now approaching its apex, making the next support retest its potential last before pressure releases in a breakout or breakdown.

Momentum indicators continue to favor the bullish case. While the RSI has slipped below the neutral 50 level, its own rising trendline suggests a bounce may be imminent.

The recent MACD death cross could also prove short-lived, reflecting consolidation rather than a broader trend reversal.

The key breakout threshold stands in a divisive zone around $3,350. If flipped into support, a move toward all-time highs comes into focus, with a 55% breakout targeting $4,800.

Traders should remain cautious near $4,250, which stands as strong interim resistance to the move.

Maxi Doge: Another Play Quietly Building Momentum

When capital rotates from Bitcoin into altcoins, momentum almost always circles back to one thing: Doge.

History makes the pattern clear. Dogecoin started the trend, Shiba Inu ran with it in 2021, followed by Floki, Bonk, Dogwifhat, and Neiro. Every bull cycle eventually crowns a new Doge meme-inspired frontrunner.

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The hype is already showing in the numbers. The $MAXI presale has raised over $4.5 million, while early backers are earning up to 69% APY through staking rewards.

For those who missed the Doge wave before, Maxi Doge could be the next chance to catch a meme coin before it enters the mainstream.

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