According to glassnode, Ethereum's Hot Capital metric has surged from a low of $2.60B on April 17 to $4.34B as of April 28, reaching its highest level since March 26. This sharp rebound indicates renewed trader interest and increased liquidity in the ETH market, which can signal heightened volatility and potential for significant price action. Traders should monitor these inflows and watch for resistance and support levels, as the spike in Hot Capital often precedes large market moves (source: glassnode, April 29, 2025).