<ul><li>Ethereum (ETH) has shown significant price gains, with a trading price surge of over 80% following Bitcoin's market rebound in April.</li><li>Popular crypto analyst Burak Kesmeci notes a positive on-chain event indicating further price appreciation for Ethereum, based on the Spent Output Profit Ratio (SOPR) metric.</li><li>Ethereum's SOPR holding above 1 signifies positive investor sentiment, with the metric currently at 1.02, suggesting a healthy and sustainable market uptrend.</li><li>Ethereum's current price is $2,523, with a slight price decline in the past 24 hours. The altcoin faces resistance at $2,700, and a breakout above this level could lead to a retest of the $4,000 region.</li></ul>

Ethereum SOPR Signals Strength, Suggests More Upside Ahead – Details

Discover more