Ethereum Sees Uptick Despite Market Pullback, On-Chain Metrics Signal Caution

Description

Ethereum has managed to diverge from the broader crypto market trend, posting gains while the overall market experienced a drop in capitalization. Over the past 24 hours, the global crypto market fell by 5.3%, yet Ethereum registered a 2.4% increase, currently trading around $3,719. This move has drawn renewed interest from analysts, particularly as on-chain data suggests shifting trader sentiment and positioning. Short Squeezes and Whale Activity Shape Ethereum’s Recent Rally Amr Taha, a contri...