For much of the past year, Ethereum’s price action has tested investor patience. Still, sentiment appears to be turning, and the early signs suggest Ethereum may be preparing for a stronger phase. In a recent technical outlook, Swissblock analyst Henrik Zeberg highlighted a developing divergence in Ethereum’s [ETH] price structure that could serve as a catalyst for a broader rally. At the same time, Ethereum’s Exchange Supply Ratio has continued to fall. DeFi activity has remained stable, reinforcing the view that capital is not exiting the network despite recent market volatility.