Ethereum continues to amaze! 🚀 Despite a recent 38% increase since the beginning of the year, retail investors are not rushing to sell their ETH. According to CryptoQuant, low flows to exchanges and SOPR below 1.10 indicate confidence in the long-term potential of the cryptocurrency.

Analysts are discussing whether ETH can reach $4,000 in the near future. However, the founder of CryptoQuant believes that the future of Ethereum depends on the success of Web3 applications. 🤔