Ethereum user engagement and DeFi inflows sugg

Ethereum user engagement and DeFi inflows suggested growing on-chain momentum.

Exchange outflows and an ETH bullish chart pattern indicated a breakout potential near $2,824.

Since the start of June, Ethereum [ETH] has seen ecosystem usage surge. Weekly Active Addresses jumped to 17.4 million, marking a new all-time high.

This includes a sharp 18.43% rise in Layer 2 Interactions, further amplified by a 7.55x multiplier, indicating a massive adoption spike in scalability networks. 

While cross-chain activity saw a slight decline, the sheer volume of core Ethereum usage reflects renewed interest from both retail and institutional participants. Therefore, the sharp uptick in activity could set the stage for a potential momentum-driven breakout.