Amid a general crypto market uptrend, Ethereum (ETH) has registered a significant price gain over the past months. Since Bitcoin embarked on a market rebound in early April, ETH has followed suit, with its trading price increasing by over 80%. In more bullish developments, popular crypto analyst Burak Kesmeci has noted a positive on-chain event that signals a further price appreciation ahead.
Therefore, a sustained movement above this threshold signals a strong market confidence that can induce major bullish price developments as Ethereum sellers are operating from a position of strength with the lack of pressure that would have been present in a declining market.
Burak Kesmeci notes that Ethereum’s SOPR has continuously fluctuated around the neutral 1.0 mark in 2025, reflecting the period of market uncertainty. However, following the reignition of the crypto bull market, this on-chain metric has achieved consistent positioning above 1.0, suggesting a shift in market dynamics.
Importantly, Kesmeci states that this development indicates that Ethereum’s recent uptrend is “healthy and sustainable”. This can be attributed to the fact that investors are distributing their tokens at higher prices, allowing the market to witness strategic profit-taking rather than panic selling.
Presently, Ethereum’s SOPR stands at 1.02. If investors’ market activity can increase or sustain this value, Kesmeci backs the prominent altcoin to maintain an upward trajectory for the near future.
