On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000. Here are the most important things to know:
1. On-chain data shows increased activity on the Ethereum network, indicating growing interest and adoption of the platform. This includes a rise in the number of active addresses, daily transactions, and the amount of ETH held in smart contracts.
2. ETH price charts show a bullish trend, with the cryptocurrency breaking through key resistance levels and forming a series of higher highs and higher lows. This suggests that buyers are in control and that momentum is building for a potential rally.
3. The upcoming Ethereum 2.0 upgrade, which will introduce staking and improve scalability, is also seen as a positive development for the cryptocurrency and could drive further price gains.
In summary, on-chain data and ETH price charts are pointing towards a potential rally to $3,000 for Ethereum. Increased activity on the network, a bullish trend in price charts, and the upcoming Ethereum 2.0 upgrade are all factors contributing to this outlook. However, as with any investment, it is important to conduct thorough research and consider all risks before making any decisions.