CryptoQuant Analyst: Two on-chain indicators suggest that Ethereum may be in the late stages of a pullback

Burak Kesmeci, an analyst at CryptoQuant, said in a social media post: "Two different on-chain indicators may indicate that Ethereum is currently in the late stages of a pullback. Current data shows that Ethereum buyers are gradually regaining strength. However, time will tell if this is only a temporary rally or the beginning of a strong rally led by bulls."