Ethereum (ETH) Sell Pressure Concerns Rise, But 4 On-Chain Signals Flash Bullish
BeInCrypto
Despite Galaxy Digital's large ETH deposit, four key on-chain signals suggest bullish potential and strengthening network fundamentals for Ethereum.Summary
While a large 45,000 ETH transfer to exchanges by Galaxy Digital has sparked concerns regarding potential sell pressure, on-chain data presents a more optimistic outlook. Currently, exchange reserves are at their lowest levels since 2016, and significant corporate accumulation alongside consistent ETF inflows indicates strong institutional demand. Furthermore, record-high network activity, measured by active addresses, highlights a growing divergence between the asset's price and its fundamental adoption, suggesting that Ethereum may be undervalued.
(Source：BeInCrypto)