IntoTheBlock: If Bitcoin consolidates at its current high, Ethereum may rise

According to the message from ChainCatcher, IntoTheBlock posted on the X platform that Bitcoin has performed outstandingly in this round of uptrend, while the on-chain activity of Ethereum has shown complex signals. Historically, Ethereum has often benefited after Bitcoin's uptrend, but its current on-chain activity shows a uniformly distributed potential resistance level. However, these resistance levels may have limited impact in the current market. The number of new Ethereum addresses is still lower than the previous bull market level, which may be affected by the widespread adoption of Layer 2 solutions like Base. Nevertheless, Base relies on Ethereum as the settlement layer. The daily transaction volume has slightly increased, reaching 1.22 million, compared to 1.1 million three months ago. The transaction volume is rising, and large holders continue to accumulate, indicating long-term confidence in Ethereum. If Bitcoin consolidates at the current high level, Ethereum may see an uptrend.