<ul><li>Ethereum's on-chain indicator suggests that it may be undervalued at its current price.</li><li>The last time this indicator was at a similar level in October 2023, Ethereum experienced a 160% rally.</li><li>Crypto whales are accumulating ETH, and inflows into accumulation addresses have surged to multi-year highs.</li><li>Other indicators, such as the low weekly RSI, support the possibility of an upcoming ETH rally.</li></ul>

Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?

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