5 key metrics hint at Ethereum’s next big bull run – Here’s what to watch

AMB Crypto 10 months ago 249

Ethereum whales are accumulating while reduced selling pressure hints at a potential supply squeeze.
Growing daily transactions and short-term holder interest suggest ETH ($4,002.17)’s next bullish phase is near.

Ethereum [ETH] is positioned as the next crypto to attract substantial capital inflows, according to analysis from blockchain intelligence platform IntoTheBlock.

While Bitcoin [BTC ($110,729.00)] recently reached a record-breaking all-time high of $99,261.30, Ethereum’s price sits at $3,365.66, with a 24-hour trading volume of over $55 billion.

Despite underperforming Bitcoin’s recent gains, Ethereum may be poised for a bullish breakout, with key metrics offering insights into its next trajectory.

Daily transactions showing steady growth

The number of transactions on the Ethereum network has increased notably in recent months. IntoTheBlock’s data

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