🔥🔥ETH’s strongest cycle?🔥🔥
#Ethereum is back above $4,600 after a 7% weekly rise, and #CryptoQuant says it could be entering its strongest cycle yet — here’s why.
More than $3.7 billion in $ETH is queued for staking, the busiest validator entry line in two years, while Ethereum’s stablecoin supply has surged to a record $166 billion, cementing its role as DeFi’s settlement layer.
The ETH/$BTC ratio sits at 0.039, still well below its 2017 peak of 0.14, but that underperformance leaves room for Ethereum to catch up if its structural demand keeps accelerating.
With staking, stablecoins, and ETFs all converging, the path toward $5,000 looks increasingly grounded in fundamentals — and a turn in the ETH/BTC ratio could be the catalyst that unlocks the next phase of the cycle.
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