$ETH #Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead

Ethereum just surged 12% in the past 24 hours, shaking off recent market sluggishness and reigniting bullish sentiment across the crypto space. The rally appears to be supported by a healthy uptick in network activity, increased ETH staking, and renewed investor confidence.

On-chain metrics reveal a clear pattern: while ETH is gaining strong momentum, resistance levels remain modest in the near term. Key resistance is visible around the $3,600–$3,800 range, where prior consolidation and significant wallet activity suggest a potential cooling-off zone.

However, with exchange reserves dropping and long-term holders doubling down, ETH may have the strength to push through — especially if macro conditions or ETF sentiment provide a tailwind.

The next 48 hours could be critical for price direction. Keep an eye on volume spikes and whale wallet movements.

Is this a breakout or a fakeout? Let the charts and chain decide.

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