Altcoins News
By Evie Vavasseur
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Ethereum is showing signs of renewed strength, as its Total Value Locked (TVL) dominance has surged past 53%, marking its highest level since March.
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Currently, Ethereum is trading at $2,362.31, up by 2.62% in the last 24 hours. The price move is not an isolated development.
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Reinforcing this bullish outlook is the behavior of Ethereum holders on centralized exchanges. In the past 24 hours alone, Ethereum’s exchange reserves declined by 1.
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Another strong signal is the Market Value to Realized Value (MVRV) Long/Short Difference, which has dropped to -40.91%.
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In terms of market behavior, the number of short-term Ethereum holders has decreased. The 0d–1d HODL Wave, which tracks coins moved within a day, has fallen to 0.114.
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Despite these positive signs, not all metrics are aligned. The rate at which Ethereum is being burned has slowed. Over the past week, only 42.
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However, Ethereum’s technical indicators present a strong case for a trend reversal. The asset recently broke out of a long-standing descending trendline, confirming a shift from…
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In conclusion, Ethereum appears to be transitioning from a consolidation phase into the early stages of a potential breakout.
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