Ethereum has recently been the butt of jokes from large-cap crypto traders—and not the amusing kind. When we look at the ETH/BTC ratio, which is down a hard-to-look-at 77% since December 2021, we see something that is more overconfidence than it is wisdom. Most people see decline. But if we’re looking at this like seasoned investors, we can potentially see a rare opportunity. On-chain data is sending buy signals, and the signs coming from long-term holders are shifting in an impressive manner. Dormancy Flow Hints at Accumulation Phase An unmistakable signal is coming from the Entity-Adjusted Dormancy Flow of Ethereum,
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