Ethereum (ETH) Price Eyes All-Time High as A Key Ratio Indicates 40% Rally

Ethereum is showing signs of strength across on-chain and technical indicators, with conditions now resembling those seen just before its last all-time high in 2021. While ETH price currently hovers around $3,753, a sharp drop in long-term holder activity and a surge in Ethereum’s strength against Bitcoin are setting the stage for a potential 40% breakout in the coming weeks. Dormant ETH Stays Quiet While Institutions Buy Aggressively Over the last two weeks, Ethereum’s Age Consumed metric has collapsed from a spike of 795 million on July 10 to just 12. 47 million today; a drop of more than 98% source: https://beincrypto.com/ethereum-price-40-percent-rally-key-ratio/