$ETH just woke up. And this move looks bigger than a simple bounce.
Ethereum jumped 6.5% to $2,618, reclaiming a level it hasn’t seen since January.
What makes the move interesting is the backdrop:
• Fed raised rates by 25 bps
• BOJ also tightened
• DXY pushed back above 100
• Oil prices climbed
• CLARITY Act failed to advance
Yet ETH still pushed higher.
At the same time, on-chain activity is strengthening:
207.17M non-empty $ETH wallets
40M+ ETH staked
$50B+ DeFi TVL
$143.7M ETH ETF inflows
When price rises while holders, staking, whales and ETF demand are all showing strength, the story starts looking less like a short-term relief rally.
$ETH is showing signs of a deeper demand shift.
#BTCBreaks80K #BitcoinMarketCapTopsTesla #SOLJumpsAbout10%
Ethereum jumped 6.5% to $2,618, reclaiming a level it hasn’t seen since January.
What makes the move interesting is the backdrop:
• Fed raised rates by 25 bps
• BOJ also tightened
• DXY pushed back above 100
• Oil prices climbed
• CLARITY Act failed to advance
Yet ETH still pushed higher.
At the same time, on-chain activity is strengthening:
207.17M non-empty $ETH wallets
40M+ ETH staked
$50B+ DeFi TVL
$143.7M ETH ETF inflows
When price rises while holders, staking, whales and ETF demand are all showing strength, the story starts looking less like a short-term relief rally.
$ETH is showing signs of a deeper demand shift.
#BTCBreaks80K #BitcoinMarketCapTopsTesla #SOLJumpsAbout10%
