ETH On-Chain Metrics Looking Good—ETH Momentum?

Ethereum wants to break $4,000 to reach its all-time high. Some observers expect Ethereum to underperform this cycle compared to prior bullish periods. Ethereum continues to find demand at critical support levels and sustain a positive price structure despite this skepticism.

On-chain statistics from IntoTheBlock shows strength for Ethereum's network activity this week, adding hope. Active addresses, transaction volumes, and net flows indicate a healthy ecology, supporting ETH's growth. These metrics show investor engagement and confidence rising despite market uncertainty.

Ethereum must sustain momentum to break $4,000. If successful, this breakthrough might revive bullish sentiment and allow ETH to revisit its all-time highs, silencing critics. Failure to overcome this level might lead to additional consolidation, putting traders on alert for Ethereum's next big move.

Ethereum Data Shows Strength

A bullish trend that started earlier this month has kept Ethereum rising in recent weeks. As ETH approaches its all-time high, leading analysts and investors are monitoring for a breakthrough above annual highs.

Ali Martinez, a top analyst, revealed IntoTheBlock on-chain measurements this week, predicting a strong Ethereum network. Active addresses have grown by 4.24%, indicating user engagement. New addresses have increased 2.65%, indicating adoption and investment activity. Zero-balance addresses have dropped by 4.06%, suggesting that inactive wallets are reactivating ETH for transactions or investments.


These measurements show Ethereum's momentum, indicating a big price rise. If ETH breaks over its annual highs, it might spark a record rise.

Eth Testing Supply

ETH is trading around $3,920, displaying tenacity after many unsuccessful efforts to break over $4,000 barrier. ETH must break this psychological and technical barrier to validate its bullish rise.

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