As we reported at Kriptokoin.com , the recent rise of Bitcoin (BTC) has attracted all the attention in the crypto market. However, Ethereum (ETH) is also quietly showing significant price growth potential. According to on-chain data, there have been many periods in the past when Ethereum showed strong performance after Bitcoin rallies. However, the current complex indicators make it difficult to predict Ethereum’s price movements.
Ethereum Network Activity and Whale Movements
There has been some noticeable activity on the Ethereum network recently. For example, the number of daily transactions has increased from 1.1 million to 1.22 million three months ago. This increase indicates that investors are once again showing interest in Ethereum. However, it is true that this growth is still modest when compared to past bull markets .
However, the regular increase in transaction volumes shows that the interest of large investors in Ethereum remains alive. Whale movements are particularly striking. Large investors accumulate ETH, reducing selling pressure and creating an upward effect on the price. Such dynamics will herald a jump in the price of ETH.
Key Indicators and Upside Potential
Some on-chain indicators of Ethereum are signaling a strong rise. In particular, the decrease in exchange inflows indicates that investors tend to store their assets for the long term. This reduces selling pressure and restricts supply. Such a scenario creates a positive picture for the ETH price.
It is also noteworthy that long-term ETH holdings remain high, as short-term investors’ interest in the market increases. This shows that speculative movements in the market are balanced by fundamental supporting factors. Ethereum’s ecosystem growth and long-term investor interest increase its appeal.
Expansion of the Ethereum Ecosystem
Ethereum’s ecosystem continues to grow, and this growth is positively affecting its price performance. The network’s daily trading volume is over $40 billion. Ethereum’s current price is $3,309.88, up 7.12% over the last 24 hours. If Bitcoin remains stable at current levels, it seems quite possible that Ethereum could turn these fundamental developments into a strong rally.
Bitcoin rallies often create an effect that paves the way for other major cryptocurrencies. Ethereum stands out as one of the strongest candidates to seize this opportunity, both in terms of technical indicators and ecosystem growth. In the near term, this upward wave may present significant opportunities for Ethereum investors.
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