Recent on-chain indicators suggest that Ethereum might be approaching its market peak, as various metrics and data trends show signs of potential overextension in current trading levels. Analysts are observing fluctuations in on-chain activity, including transaction volumes and wallet movements, which could indicate that investor sentiment is reaching a point of saturation. This analysis raises concerns that a market correction could be imminent if bullish momentum continues to wane.
source: https://voiceofcrypto.online/ampstories/web-stories/on-chain-signals-hint-ethereum-may-be-near-market-top