#OnChainInsights The recent surge in activity on the Ethereum network shows that large ETH holders are accumulating coins amid expectations of protocol upgrades. Analysis of on-chain data indicates a decrease in ETH reserves on centralized exchanges, which may indicate preparations for a potential price increase. At the same time, on-chain transaction volumes indicate increased interest in DeFi projects, which further supports the trend. If the current trend continues, Ethereum may test new resistance levels in the coming weeks.