Ethereum (CRYPTO: ETH) has fallen roughly 35% over the past month, yet strong on-chain activity and high-profile holders speak to some bullish sentiment remaining..

CryptocurrencyTickerPriceMarket Cap7-Day TrendEthereum(CRYPTO: ETH)$1,960.50$236.7 billion+0.9%Bitcoin(CRYPTO: BTC)$66,115.02$1.32 trillion-1.5%XRP(CRYPTO: XRP)$1.37$84 billion-1.6%

Trader Notes: Altcoin Sherpa said Ethereum could be forming a bottom if selling pressure continues to ease and network activity remains firm.

Historically, Bitcoin tends to lead early in a cycle, with Ethereum outperforming once capital rotates into altcoins.

He added that a sustained risk-on environment and Bitcoin stabilization would be key…

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