Ethereum is stirring. Whispers of a bull run echo through the blockchain. On-chain metrics and technical signals are aligning, painting a picture eerily similar to the calm before the 2021 storm that propelled ETH to its peak. Is history about to repeat itself?
Ethereum’s price is dancing near $3,753, but beneath the surface, a seismic shift is brewing. Long-term holders are taking a breather, while Ethereum is flexing its muscles against Bitcoin. Is this the calm before the storm? All signs point to a potential 40% price explosion in the weeks ahead. Get ready for liftoff.
Dormant ETH Stays Quiet While Institutions Buy Aggressively
Ethereum’s dormant ETH just woke up, then promptly went back to sleep. Two weeks ago, a massive 795 million ETH Age Consumed blip suggested long-term holders were finally making moves. Now? It’s back down to a mere 12.47 million, a stunning 98% drop. This metric essentially shows how much “old” ETH – tokens sitting untouched in wallets for ages – is suddenly changing hands. The recent spike hinted at a potential market shift, but it seems the slumber party is back on.
When it drops sharply, it usually means long-term holders are holding their coins, not selling them into rallies.

Ethereum price and the Age Consumed metric: Santiment
Ethereum just blasted through local highs, and the crypto whales, the OGs who’ve been holding ETH since the dawn of time, are sitting tight. No panic selling, no frantic profit-taking. Just zen-like conviction. That’s not just bullish; it’s deafeningly bullish. Forget fleeting pumps – this kind of veteran HODLer behavior is the stuff bull markets are made of, a sight rarely witnessed before the peak.
Age Consumed: It’s the tremor in the ETH market that whispers of sleeping giants awakening. Imagine dormant ETH wallets, hibernating for years, suddenly stirring. Age Consumed tracks this activity – a seismic monitor revealing whether long-term holders are cashing out, or reaffirming their diamond-hand convictions.
Institutional whales are making waves, and SharpLink Gaming just triggered a tsunami. In a single, bold maneuver, they’ve snapped up 19,084 ETH – a $67.5 million splash that underscores the growing institutional appetite for Ethereum.
SharpLink’s ETH stash swells to 345,158 – a $1.22 billion war chest at today’s prices. Forget dormant wallets; while the old guard HODLs, savvy players like SharpLink are aggressively stacking sats.
ETH/BTC Ratio Is Repeating Its All-Time High Setup
Ethereum is staging a comeback. Since June 2025, ETH has surged against Bitcoin, leaping 50% from a ratio of 0.021 to 0.031. Interestingly, Ethereum’s current price of $3,753 mirrors its value in October 2021. Back then, a similar setup ignited a 30% rally in just five weeks, catapulting ETH to its all-time high of $4,878. Is history about to repeat itself?

ETH/BTC ratio during the all-time high phase: TradingView
Remember when Ethereum surged almost 30%, catapulting from $3,800 to nearly $4,900? A similar ETH/BTC ratio jump is brewing. If history rhymes, and Ethereum mirrors that previous 28% surge from its current $3,753, we’re staring down a potential rally to the $4,800-$4,900 zone – right where the old all-time high breakout ignited. Is Ethereum ready to relive its glory days?
“Smash through that psychological barrier – the old record high – and it’s clear skies ahead. The next stop? A breathtaking climb north of $5,000, where the price can truly discover its potential.”

Current ETH/BTC ratio: TradingView
Is Ethereum about to dethrone Bitcoin? The ETH/BTC ratio, a key indicator of Ethereum’s strength against the crypto king, is screaming “takeover.” This ratio isn’t just a number; it’s a market sentiment gauge, often predicting explosive ETH rallies when Ethereum steals Bitcoin’s spotlight. Buckle up: ETH/BTC has rocketed over 50% since June, fueled by powerful “golden crossovers” on multiple EMAs – clear signs that Ethereum’s momentum is only accelerating. Are you ready for the shift?
Ethereum Price Structure Projects A 40% Rally
Ethereum’s price is scripting a comeback story we’ve seen before, now dancing in lockstep with growing on-chain belief and its strengthening stance against Bitcoin. Having bulldozed through a crucial resistance wall around $3,635 – the 0.786 Fib level, for those keeping score – Ether is currently catching its breath just shy of the $3,832 mark. Up ahead? The old all-time high looms, a psychological Everest daring it to climb.
But first, ETH price needs to cross above $4,402 the next key resistance.

Ethereum price analysis: TradingView
Ethereum teeters on the brink of repeating history. Back in 2021, this very price range ignited a 28% ETH surge, fueled by a rapid 30% climb in the ETH/BTC ratio in a mere five weeks. If history rhymes, a breakout from the current $3,753 mark could propel Ethereum back to flirting with its all-time high. Will lightning strike twice?
This time, the landscape is different. Long-term holders are HODLing tight, and Ethereum’s star is rising, paving the way for a price surge that could shatter previous ceilings. A decisive break above the old high unlocks the door to a potential rally toward $5,324 – a thrilling 41.86% leap from where we stand now.
However, a plunge beneath $3,128 would shatter this bullish facade, signaling the rally’s demise. Consider it the line in the sand – a level whose breach could unleash a torrent of selling pressure.
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