Ethereum (ETH) currently has 74.7% of its addresses belonging to long-term holders, surpassing Bitcoin (BTC)’s long-term holder ratio of just over 60%. This trend indicates growing confidence in Ethereum’s trajectory, suggesting holders trust in ETH’s future growth. The pattern may continue until Ethereum approaches its previous all-time HIGH.

Bitcoin’s recent market volatility touched a low below 92,000 USD but has slightly rebounded to about 94,000 USD. Despite this, Bitcoin’s funding rates have dropped, indicating weak demand in the derivatives market. A sustained price surge requires strong demand, which current funding rates are not reflecting.

Crypto analyst Ali Martinez notes Ethereum is following an ascending channel pattern, with the potential for a dip towards 2,800 USD serving as a key support level. If supported, Ethereum could see a significant rally possibly reaching towards 6,000 USD, showing bullish potential in ETH’s price trajectory.