Ethereum network activity has surged significantly, with active addresses increasing from 496,000 to nearly 800,000 this week. Despite this uptick in network engagement, Ethereum's price remains below the 200-day moving average, indicating ongoing price weakness. Analysts suggest that if support holds, Ethereum could target a range between $2,200 and $2,400. However, a move above the 200-day moving average might signal a potential price reversal.