Key Takeaways:
Ethereum is showing signs of a potential second-quarter rally after on-chain data from April 3, 2026, revealed a significant divergence driven by strong inflows. The influx of capital, largely from stablecoins, suggests growing investor confidence and buying pressure.
"The key divergence in on-chain flows for Ethereum is a strong bullish signal," said a researcher at a major on-chain analytics firm. "We're seeing a substantial increase in stablecoin balances on exchanges, which historically precedes a price increase for major assets like ETH."
The data indicates a sharp rise in the supply of stablecoins—digital assets pegged to a stable currency like the U.S. dollar—being deposited onto trading platforms. This movement often signifies that investors are preparing to purchase other crypto assets. The increased buying pressure could help Ethereum break through recent resistance levels.
This matters because sustained inflows can confirm a new leg up for Ethereum's price, potentially boosting the broader ecosystem of decentralized finance (DeFi) and Layer 2 solutions built upon it. The next key level for ETH to watch is the $4,000 resistance, a break of which could signal a larger upward trend.
This article is for informational purposes only and does not constitute investment advice.
