🚀 Altseason Brewing? Ethereum Takes the Lead in On-Chain Volume Surge! An explosive multi-week surge has left Ethereum volatile. After a rapid increase in late April, ETH touched a local high above $3,850 before falling down and settling below $3,750. Top crypto researcher Ted Pillows said that Ethereum's on-chain volume has increased 288% in three weeks, indicating more activity and interest. Ethereum seems strong with US legal clarity increasing and macroeconomic factors supporting risk-on assets. According to Ted Pillows, Ethereum's on-chain USD volume reached $10.38 billion, its largest amount since late 2021. This tremendous rise in activity indicates a major market attitude change and may herald a new chapter for Ethereum and the altcoin industry. Volume increases indicate investor interest and increased trust in Ethereum's ecosystem. Ethereum is regaining favor after months of underperformance vs Bitcoin. Since late May, ETH has outpaced BTC, and numerous major cryptocurrencies have followed suit. This may be the start of the long-awaited altseason, say observers. This time is noteworthy because technical strength and macro trends coincide. US law is improving, institutional wealth is flooding in, and the market is accumulating rather than distributing. Pillows' research suggests smart money is entering a new Ethereum-DeFi cycle. While others expect a temporary drop, positive enthusiasm is growing. After consolidating below $3,860 barrier, Ethereum (ETH) is rising to $3,770. ETH has formed higher lows since mid-July and tested the same upper limit many times, establishing an ascending triangle that usually indicates upward continuation on this 4-hour chart. Recently, the 50 SMA (Simple Moving Average) on this period has provided dynamic support around $3,690, absorbing recent pullbacks. ETH's next psychological level is $4,000 if it breaks $3,860 resistance with volume. Failure to break out may cause a short-term drop toward $3,690–$3,650, where buying demand has arisen. #BTCvsETH #ETH #ETHReclaims3800 $ETH