🚀 Ethereum is gearing up for a potential rally, says OnChainHQ's Leon Waidmann! With its deflationary mechanism in full swing, ETH is burning more than it's minting, creating scarcity and pushing prices up. As the bull market gains traction, Ethereum's on-chain activity is expected to rise, leading to more burns and a self-sustaining cycle of growth. 🌟 Despite a recent dip, ETH has shown a bullish 20% increase over the past week. With the Ethereum Foundation strategically managing its reserves, the future looks bright for this crypto giant!