Ether Primed for $4.4K Surge? This Obscure Indicator Flashes Buy Signal

Crypto markets twitch as a rarely-watched metric hints at explosive upside for ETH.

The stealth rally trigger

Buried in on-chain data sits a pattern that's preceded every major Ethereum pump since 2021. When this signal last appeared in January, ETH ripped 40% in three weeks. Now it's back—and flashing brighter than ever.

Wall Street's missing the memo

While traditional analysts obsess over Fed rates (yawn), crypto's plumbing shows smart money positioning for liftoff. Exchange reserves just hit a 14-month low—meaning fewer coins available to sell when FOMO kicks in.

Just don't tell the SEC

The regulatory grim reapers will surely find some way to claim this violates Section 3(b)(2) of some 1930s banking law. Meanwhile, decentralized finance keeps eating their lunch—one gas fee at a time.

This makes the $4,400 a logical price magnet for the ongoing rally.

"If the momentum in the market is strong enough to get through $4,000, we see dealers also become net buyers of ETH at higher prices, potentially leading to a quick rally to $4,400, the next big gama inventory level," Greg Magadini, director of derivatives at Amberdata, told CoinDesk.