Ethereum’s trading activity hit record highs, signaling a surge in market engagement and momentum in the crypto space. With monthly volume surpassing 16.5 million units in May, Ethereum is close to breaking past its key resistance level of $2,947. This upward trend reflects increasing participation from both retail and institutional investors across various sectors of the network. Analysts attribute this surge to a combination of growing DeFi applications and increased interest from major players. Notably, Ethereum’s network engagement has steadily climbed since 2023, reaching historic highs. 2025 data shows volume exceeding 16.5M units, signifying a robust base of activity that is expected to continue. Ethereum is currently consolidating above a key resistance level, while technical analysis by experts like Michael van de Poppe suggests the potential for a breakout and sustained price growth.