Ethereum

bullish

Bitcoin

Daily

Coin

<ul class="wp-block-list news-points">
 <li><strong>Ethereum whales accumulate, signaling confidence and reducing potential sell pressure.</strong></li>
 <li><strong>Layer 2 solutions impact new addresses but boost Ethereum’s ecosystem demand.</strong></li>
 <li><strong>Daily transactions rise modestly, hinting at growing activity yet below bull market peaks.</strong></li>
</ul>
<p>Despite Bitcoin’s dominance in the current rally, Ethereum is also displaying strong potential for a significant price surge, according to on-chain data.</p>
<p>As per IntoTheBlock data, <a href="https://x.com/intotheblock/status/1859558492211666999" target="_blank" rel="noopener noreferrer nofollow">Ethereum </a>has historically shown strong price performance following Bitcoin rallies, benefiting from profit rotations. However, several key on-chain metrics offer mixed signals, adding complexity to Ethereum’s outlook.</p>
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<h2 class="wp-block-heading" id="h-on-chain-activity-shows-mixed-signals-for-ethereum">On-Chain Activity Shows Mixed Signals for Ethereum</h2>
<p><a href="https://coinedition.com/ethereum-transaction-volume-hits-60-billion-highest-in-3-months/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Ethereum’s</a> on-chain data highlights interesting trends. Daily transactions on the network have risen slightly, now averaging 1.22 million compared to 1.1 million three months ago.&nbsp;</p>
<p>This increase signals growing activity, though it remains modest compared to past bull markets. Transaction volumes are steadily climbing, reflecting growing interest from institutions and large holders.</p>
<p>Whale activity stands out as a bullish indicator. Large holders have…</p>
<p>The post <a href="https://coinedition.com/bitcoin-soars-but-is-ethereum-next-on-chain-data-hints-at-eth-surge/" rel="noopener noreferrer nofollow">Bitcoin Soars, But Is Ethereum Next? On-Chain Data Hints at ETH Surge</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Soars, But Is Ethereum Next? On-Chain Data Hints at ETH Surge

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