Ethereum’s key metrics are showing bullish signals for the network’s native cryptocurrency, ether (ETH), despite its sluggish momentum in recent weeks. ETH, which has failed to catch up with bitcoin’s (BTC) momentum following the US presidential election, is showing a positive trend in the short term with on-chain metrics. 📈

CryptoQuant’s EgyHash noted that factors such as Ethereum’s funding rates and Estimated Leverage Ratio indicate that traders are optimistic about ETH’s profit potential. The positive Korea Premium Index indicates that Korean investors are showing increasing interest in Ethereum and that market sentiment is positive.

In addition, the increase in Ethereum fund holdings and large investors’ ETH accumulation indicate that market participants continue to have confidence in the asset. 🐋