According to Crypto Rover, Ethereum ($ETH) is currently experiencing a significant surge in on-chain activity, signaling heightened network usage and increased transaction volumes (source: Crypto Rover on Twitter, June 3, 2025). Despite this growth, $ETH is considered undervalued relative to its network fundamentals. For traders, the combination of rising on-chain metrics and low valuation may indicate a potential entry point or signal for bullish momentum in the near term. Monitoring on-chain data alongside price action can provide actionable insights for those seeking to capitalize on Ethereum's current market dynamics.

According to Michaël van de Poppe (@CryptoMichNL), any Ethereum (ETH) price under $2,400 is considered a strong buy following the recent upward momentum. He highlights that current sub-$2,400 levels offer a favorable entry point for traders aiming to capture gains as ETH approaches its all-time highs (ATH). This analysis suggests increased accumulation could drive further bullish sentiment in the crypto market, supporting higher trading volumes and potential upward price action for Ethereum. Source: Twitter (@CryptoMichNL, May 17, 2025).