Bitcoin has been the star of this rally, but what about Ethereum?

Historically, Ethereum has been one of the first assets to benefit from profit rotations after Bitcoin's move.

Currently, Ethereum's on-chain activity shows evenly spaced potential resistance levels, but in this market, those may prove insignificant. Many ETH holders are anticipating further price appreciation, keeping selling pressure minimal.

However, Ethereum still has mixed signals from several key on-chain indicators. For instance:

⚫️New Ethereum addresses remain below previous bull market levels, likely impacted by the growing popularity of Layer 2 solutions like Base. While the ecosystem grows, it’s important to remember that Base relies on Ethereum as its settlement layer.

⚪️Daily transactions have risen slightly, now averaging 1.22M compared to 1.1M just three months ago. A slight increase, but not as strong as during past bull markets.

🟡Transaction volume is climbing, and large holders (whales) continue accumulating, reflecting their confidence in Ethereum’s long-term potential.

If Bitcoin consolidates at current highs, a strong move up for Ethereum is likely.

Here are 5 key indicators to watch for $ETH's next move👇 1. Daily Transactions
What It Is: Tracks the total number of Ethereum transactions per day.

Why It Matters: Rising transaction counts signal increased network activity, often tied to greater demand for ETH.
🔗app.intotheblock.com/coin/ETH/deep-…

🧵 Today, we examine the second-largest Aave GHO whale (luggisdoteth) and their leveraged long ETH strategy using GHO.

Here's what you need to know👇 2/ This whale has been gradually increasing their leveraged ETH position by minting GHO with wstETH and swapping the stablecoin for ETH.

While leverage poses some inherent risks, they use low leverage and actively manage the position, reducing liquidation risk.

Symbiotic just launched – here’s what you need to know👇

@symbioticfi has emerged as a new Ethereum restaking platform, supported by @paradigm and the founders of Lido. 2/ What’s Symbiotic?
Symbiotic is a protocol that enables coordination between users and services to provide security through liquidity to the services built on Symbiotic.

1/ Bitcoin prices decreased about 10% in the past week, and even more since the approval of the Bitcoin ETF. Many expected the opposite. So let’s take a look at what’s going on with $BTC 👇 2/ Bitcoin recorded a sixth consecutive week of inflows into CEXs, with nearly $2B in net deposits since December. High exchange deposits are typically a sign of selling behavior. So who’s selling?

1/5 Every trader strives to time market bottoms and tops. On-chain & financial indicators can be an amazing ally! Let's explore the MVRV, an interesting tool for #Bitcoin market trends.🧵👇
#MVRV #Analytics #Crypto 2/5 MVRV stands for Market Value to Realized Value and it compares the value at which people bought an asset to the total market cap of an asset.
app.intotheblock.com/coin/btc/deep-…

1/ #Bitcoin and precious metals have shown a noticeable increase in correlation recently🪙🧵 2/ The crypto market seems to be tracking gold and silver more closely as the macro focus shifts from interest rates to bank failures and the risk of default.

1/5 Investing in the crypto industry requires specific knowledge. Stay ahead of the game by understanding analytics, data, and onchain analysis. These tools can provide valuable insights and help you make informed decisions. #cryptoinvesting #onchainanalysis 2/5 Onchain analysis is a powerful tool for understanding the health and performance of a particular cryptocurrency. By analyzing the underlying blockchain data, you can identify patterns and trends that can indicate future performance. #onchain #cryptoanalytics

1/ We are thrilled to announce the first of a series of releases to bring better visibility into the #NFT space.

NFT analytics v1 is now part of the @IntoTheBlock platform and is completely free of charge.

app.intotheblock.com/insights/nft 2/ When you navigate to the #NFT Insights section in ITB, you will find three different sections.

The General Activity section provides insights about the on-chain activity of NFT collections to help you identify general trends.

app.intotheblock.com/insights/nft/a…

Capital markets and #crypto have been under constant pressure given the geopolitical crisis between Russia and Ukraine.

Looking at some @intotheblock’s indicators for crypto and capital markets, reveals some shocking correlations with different asset classes.

A thread 1/ Despite the correction, $BTC and $ETH remain better investment than most large tech equities. This is shown by IntoTheBlock’s Sharpe and Sortino ratio analysis.

app.intotheblock.com/insights/marke…

Outflows from exchanges tend to serve as a bullish signal.

Moreover, comparing the drawdowns experienced during May-July of last year and the current, the exchanges netflows paint a different picture.

A short thread. 1/ Between May and June of 2021, there were significant inflows of Bitcoin into exchanges (net amount of 130k BTC), coinciding with the sell-off that happened during that period

1/ We are excited to announce the release of @intotheblock's Ownership V2 indicators!

10 new indicators available for +1000 crypto-assets to spot patterns of whale accumulation, bull markets coming to an end and more!

A thoughtful explanation below 👇
medium.com/intotheblock/a… 2/ The new release dives deeper into ownership patterns divided into 3 categories.

+ Ownership by concentration
+ Ownership by time held
+ Holding Distribution

Start by exploring the $BTC analytics: app.intotheblock.com/coin/BTC/deep-…

During our last newsletter, we covered positive and negative catalysts for 2022.

The macro scenario talks about the Federal Reserve discussing a "balance sheet normalization" referring to quantitative tightening.

A 🧵on a bearish case.

Credits to: @LucasOutumuro 1/ Just like the federal reserve “prints” money by buying securities and bonds to stimulate the economy, it can sell these to decrease inflationary pressures

The graph shows how Bitcoin grew along with M1 supply during QE in 2016 and 2017, but dropped as QT began in early 2018.

As $ETH approaches the $2,000 barrier for the first time, it's worth comparing why this 2021 ATH is different from 2018.

An on-chain analysis of the recent Ethereum performance and updates.

A thread 👇 1) #DeFi is here to stay.

DeFi an umbrella term for financial services without the need for trusted third parties at scale.

Exactly one year ago, the Total Value Locked in DeFi protocols was around $1.07b and today it reached a new high of $41.63b.

An increase of 38.9x.